Cryptocurrency

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

(source: en.wikipedia.org)

Cryptocurrency
South African Central Bank Allows FIs to Serve Crypto Accounts
August 21, 2022

The South African Reserve Bank (SARB) is moving forward with a recommendation to let banks deal with companies handling crypto assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cryptocurrency
FTX Revenue Reportedly Grew 10x in 2021
August 21, 2022

With crypto surging, exchange FTX was reportedly able to rack up a billion dollars in revenue in 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Cryptocurrency
R3 Blockchain Finds a Foothold Beyond Banks
August 19, 2022

It’s fair to say that when it comes to turning the promise of blockchain into the reality of blockchain, catching up with the hype cycle is a long, slow process, particularly among companies in regulated financial markets Get the Full Story Complete the form to...

Cryptocurrency
FDIC Warns 5 Companies About Statements Around Deposit Insurance
August 19, 2022

The Federal Deposit Insurance Corporation (FDIC) reported Friday (Aug. 19) that it has issued letters to five companies demanding that they cease and desist from making what it says are “false and misleading statements” about FDIC deposit insurance and take corrective action to address statements...

Cryptocurrency
El Salvador Weekly: What Disappearing Bitcoin ATMs?
August 19, 2022

El Salvador’s finance minister, Alejandro Zelaya, said on Aug. 11 that “the Salvadoran population continues to use Bitcoin and the Chivo Wallet,” in the words of a local news outlet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cryptocurrency
BitPay Enables Consumers to Purchase Best Buy Gift Cards With Crypto
August 19, 2022

Crypto payments technology firm BitPay has added Best Buy gift cards to the range of gift cards that it enables consumers to buy with cryptocurrency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cryptocurrency
Mercado Libre’s New Crypto Raises More Questions Than Answers
August 19, 2022

The Mercado Coin announced Thursday (Aug. 18) by Latin American eCommerce giant Mercado Libre may be a digital currency issued on the Ethereum blockchain, but it’s not really a traditional cryptocurrency. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Today in Crypto: MercadoLibre Launches Cryptocurrency in Brazil, Tether Changes Up Auditors
August 18, 2022

Tether has begun working with BDO Italia, the Italian member firm of the BDO global organization, to bolster its transparency, a press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cryptocurrency
Nigeria Aims for 8M eNaira Users as Crypto Adoption Grows
August 18, 2022

Since launching its digital currency last October, Nigeria has seen 840,000 people use the eNaira, and the country is now looking to get that number up to 8 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...