BSP Deputy Governor Mamerto Tangonan credited the significant strides in digital payments to the implementation of the central bank's 2020-2023 Digital Payments Transformation Roadmap.
In its recent status report, the Bangko Sentral ng Pilipinas notes that the volume of digital payments had grown significantly, with retail payments reaching 42.1% and the value of digital payments at 40.1%.
The partnership will supplement Centbee’s technical team with nChain’s specialist software development team as part of Centbee’s bid to strengthen its technical skills, leveraging its deep experience in BSV blockchain technology.
Intrasettle will be “a one-stop payment infrastructure that’s instant, highly secure, and cost-effective,” CEO Kumaraguru Ramanujamm says.
Bitcoin is superior to physical cash, even amid the mass propaganda campaign about it being meant for digital gold, HODL’ing, and inefficient as a payment method—despite the title of the Bitcoin white paper asserting its purpose as electronic cash.
Jack Dorsey’s digital payments company Block (formerly Square) is generating tons of BTC-related revenue but channeling only a tiny portion of that to the company’s bottom line.
The Central Bank of Kenya published a discussion paper on central bank digital currency, noting that a CBDC-powered cross-border remittance is one of the key areas it’s exploring.
On this week’s CoinGeek Conversations, Tolani Senior Professor of International Trade Policy at Cornell University Eswar Prasad says he is impressed with blockchain technology and believes it will have a lasting impact.
The Minister of Finance in Bulgaria told Bloomberg that the government is in talks with the central bank and some stakeholders on the viability of the move.
CoinGeek’s Sarah Higgs visits Antigua and Barbuda in the Eastern Caribbean to find out how financial exclusion impacts everyday life in the island paradise and to see what solutions are on the horizon.
When the license is officially approved, DBSV said its clients would be able to access digital payment token services directly through its exchange platform, DBS Digital Exchange (DDex).
Dr. Mahamudu Bawumia stated that adopting a single central payment would finally rectify the challenges that stifle cross-border trade in the region.
