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digital payments

BIS head: Bitcoin may break down altogether, has no actual value backing
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2 February, 2021

BIS head: Bitcoin may break down altogether, has no actual value backing

The head of the Bank for International Settlements believes that Bitcoin could end up collapsing altogether.
India’s central bank exploring the need for digital currency
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30 January, 2021

India’s central bank exploring the need for digital currency

In a recent outlook on payments in the digital era, the bank justified its earlier apprehension, but revealed that it’s...
Visa calls off $5.3B acquisition of digital currency-friendly startup Plaid
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18 January, 2021

Visa calls off $5.3B acquisition of digital currency-friendly startup Plaid

The consumer credit giant was set to acquire Plaid for $5.3 billion, but antitrust claims from the Department of Justice...
Pakistan launches Bill Gates-backed Raast instant digital payments system
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15 January, 2021

Pakistan launches Bill Gates-backed Raast instant digital payments system

Known as Raast, the system is especially aimed at availing digital payments to women who have been financially marginalized for...
China unveils first digital yuan physical card in Shanghai
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12 January, 2021

China unveils first digital yuan physical card in Shanghai

Unlike in Shenzhen, Beijing and Suzhou, the People’s Bank of China is expanding beyond the use of smartphones to make...
2020 year in review: Revolutionary use cases of blockchain in banking and finance
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23 December, 2020

2020 year in review: Revolutionary use cases of blockchain in banking and finance

Patrick Thompson takes a look at some of the revolutionary developments in banking and finance that took place in 2020...
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