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.
There’s a need for digital payments across the globe, but adopting a decentralized digital currency is a shortcut that any country must not be tempted to take, the IMF stated.
Tal Itzhak Ron, the chair of legal firm Tal Ron, Drihem & Co. revealed in an interview that the government silently amended its laws to legalize digital currencies recently.
While announcing a roadmap that seeks to strengthen the region’s fintech sector, the HKMA revealed it has been collaborating with local and global bodies in its CBDC research.
The Beijing Local Financial Supervision and Administration Bureau plans to give away 200 red envelopes to local residents, with each containing 200 digital yuan (around $31).
