digital currency

Digital currency is a type of currency available in digital form. It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies, cryptocurrencies, and central bank digital currency.

Source: en.wikipedia.org

Concerns Over Lost Fee Income Prompt Nigerian Lenders to Slow CBDC Adoption

Concerns Over Lost Fee Income Prompt Nigerian Lenders to Slow CBDC Adoption
Concerns Over Lost Fee Income Prompt Nigerian Lenders to Slow CBDC Adoption
July 19, 2022  |  CBDC

Nigerian lenders have been putting up roadblocks against using the country’s digital currency, concerned about loss of revenue from traditional banking services, Central Bank of...

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Treasury Department: Banks’ CBDC Fears Are Overblown
Treasury Department: Banks’ CBDC Fears Are Overblown
July 19, 2022  |  CBDC

Banks’ fears that a digital dollar would cost them depositors — and even make financial crises more severe — are overblown, according to a new...

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Bankrupt Crypto Lender Celsius: We Own Customers’ Funds
Bankrupt Crypto Lender Celsius: We Own Customers’ Funds
July 19, 2022  |  Cryptocurrency

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Today in Crypto: Retail Investors May Shoulder Celsius’ Bankruptcy; Altcoins Outperform Bitcoin as Investors Return
Today in Crypto: Retail Investors May Shoulder Celsius’ Bankruptcy; Altcoins Outperform Bitcoin as Investors Return
July 18, 2022  |  Cryptocurrency

After months of chaos and volatility, the crypto market may be seeing a minor light at the end of the tunnel, as the prices of...

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Australian Financial Planners Group Backs ‘Crypto Rule Book’
Australian Financial Planners Group Backs ‘Crypto Rule Book’
July 17, 2022  |  Cryptocurrency

The Financial Planning Association of Australia has said there’s a need to regulate cryptocurrency as well as add a “crypto rule book,” a report says....

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Today in Crypto: Ethereum Switch to Proof-of-Stake Tentatively Set for Sept. 19; Celsius Clients May Wait Years for Money
Today in Crypto: Ethereum Switch to Proof-of-Stake Tentatively Set for Sept. 19; Celsius Clients May...
July 17, 2022  |  Cryptocurrency

Crypto hedge fund DeFiance Capital has reportedly been “materially affected” and prejudiced as rival fund Three Arrows Capital was liquidated, DeFiance posted on Twitter Friday...

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Crypto Crash Puts Spotlight on SEC’s Gensler
Crypto Crash Puts Spotlight on SEC’s Gensler
July 17, 2022  |  Regulation

Senator Elizabeth Warren (D-Mass.) has said the Securities and Exchange Commission should act on the turmoil in the crypto world, with crypto platforms going bankrupt...

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El Salvador Weekly: Bitcoin Budget 17 Times Higher Than Environment Budget
El Salvador Weekly: Bitcoin Budget 17 Times Higher Than Environment Budget
July 15, 2022  |  Bitcoin

Ten days after Hurricane Bonnie ripped across El Salvador, causing flooding, damaging homes and cars, and killing at least one person, an economist took the...

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ECB’s Lagarde Says Embrace Digital Euro, Ditch Cryptocurrencies
ECB’s Lagarde Says Embrace Digital Euro, Ditch Cryptocurrencies
July 15, 2022  |  CBDC

The European Central Bank (ECB), like the Federal Reserve, the Bank of England and other central banks, is working on different projects to develop a...

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