Online payments firm Paysafe announced that its digital wallet, Skrill, is teaming up with the cryptocurrency platform Coinbase to expand into the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Digital assets stored on the blockchain can be endlessly copied, but legal and finite ownership of original digital artwork, music and more is becoming the domain of non-fungible tokens (NFTs), now enjoying their moment in the cyber-sun as the hot cryptocurrency investment du jour. Get...
The lines between cryptos — notably the marquee name, bitcoin — and central bank efforts on their own digital currency offerings have been drawn a bit more brightly than before. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In a move that separates it from the pack and provides a further signal that cryptocurrencies are moving mainstream, earlier this month, luxury hotel chain The Kessler Collection announced that it would begin accepting cryptocurrencies at eight of its high-end boutique hotels. While such a...
The U.S. financial services sector is getting edgy as the Federal Reserve’s initiative for a digital dollar or Fedcoin steps up its research to reveal prototypes as soon as July, Bloomberg reported on Monday (March 22). Get the Full Story Complete the form to unlock this...
Federal Reserve Chairman Jerome Powell said Monday (March 22) that cryptocurrencies are “speculative” investments, and therefore not reliable. He added that the Fed is moving slowly on the matter of creating a digital dollar, despite the soaring price of bitcoin in recent months. Get the...
While cryptocurrency has found more mainstream acceptance among consumers, it also has the unfortunate tendency to draw money launderers. According to a PYMNTS AML/KYC Tracker, 2019 saw $2.8 billion laundered through cryptocurrency exchanges — up from $1 billion the year prior. Get the Full Story...
India is considering new regulations that would ban cryptocurrency in the country, penalizing anyone who holds, buys, or mines bitcoin and other digital currency, Reuters reported, citing unnamed government sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Last month, U.S. Treasury Secretary Janet Yellen said central banks should explore creating and issuing sovereign digital currencies. The hypothesis is that such currencies — digital dollars among them — could create “faster, safer and cheaper payments,” she said at a virtual conference. Get the...
