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
Bank Of Japan Begins CBDC Testing
April 05, 2021

The Bank of Japan is the latest to look into creating a central bank digital currency (CBDC), according to a news release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cryptocurrency
CBDCs Start Small Before Economic Heavyweights Step In  
April 05, 2021

In the brave new world of the central bank digital currency (CBDC), smaller nations are taking the plunge, it seems, before the world’s largest economies are quite ready to do so. Late last week, the Eastern Caribbean Central Bank (ECCB) debuted DCash — which makes...

Cryptocurrency
Boston Fed’s Cunha On Building A Payments Network For The ‘Next 100 Years’
April 05, 2021

To put it mildly, these are heady times for the Federal Reserve. It’s managing the specter of inflation hovering over unprecedented government spending to manage an economy that has been disrupted by a global pandemic. Then there’s a stock market that now includes a whole...

Cryptocurrency
Bitcoin Fever May Be Stoking Interest In CBDCs
April 02, 2021

It seems a rising bitcoin tide lifts all digital currency boats. As CNBC reported Friday morning (April 2) as bitcoin prices gain ground — and are now recently above $59,000 — interest is growing, too, in China’s digital yuan. It has yet to be launched, but...

Cryptocurrency
VCs Pour Money Into Crypto; Q1 Outpaces All Of 2020
April 01, 2021

Cryptocurrency got more funding from venture capitalists in this quarter than in all of 2020, Bloomberg reported. 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 our...

Cryptocurrency
Eastern Caribbean Central Bank Takes CBDC Live
April 01, 2021

The Eastern Caribbean Central Bank (ECCB) has unveiled its central bank digital currency DCash, making it the second central bank officially entering the CBDC realm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cryptocurrency
Major Players May Have To Wait Years For CBDCs
March 31, 2021

For central bank digital currencies (CBDCs), in Europe, at least, it’s a case of hurry up and wait. As reported this week, the European Central Bank (ECB) – through comments made by Christine Lagarde, its president – seems to be taking a longer-term view of...

Cryptocurrency
Britain To Look Harder At Stablecoins Than Other Cryptocurrency
March 30, 2021

Britain plans to regulate stablecoins first rather than the whole of the cryptocurrency market, Reuters writes. 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 our daily...

Cryptocurrency
PayPal’s Scale Drives Crypto’s Utility
March 30, 2021

In spurring new consumer behavior, scale matters. That’s especially true with cryptocurrencies, where making the leap from speculation to actual transactions (you know, the kind tied to goods and services) may be more marathon than sprint. Get the Full Story Complete the form to unlock...