NY Federal Reserve

NY Fed: Tokenized Deposits Better Than Stablecoins
NY Fed: Tokenized Deposits Better Than Stablecoins
February 08, 2022  |  Cryptocurrency

Researchers with the Federal Bank of New York have said stablecoins are not likely to be the future of payments, CoinDesk reported Monday (Feb. 7)....

READ MORE >
Top News In Payments: Apple Buys AI Firm For $200M; $500M Debt Rescue Plan Considered For Taxi Drivers
Top News In Payments: Apple Buys AI Firm For $200M; $500M Debt Rescue Plan Considered...
January 16, 2020  |  News

In today’s top payments news, Apple buys artificial intelligence (AI) firm Xnor for $200 million, a panel in New York City is seeking a $500...

READ MORE >
Consumer Borrowing Hits $13.29 Trillion In Second Quarter
Consumer Borrowing Hits $13.29 Trillion In Second Quarter
August 14, 2018  |  Loans

American’s increased the amount of money they borrowed in the second quarter, with consumer borrowing reaching $13.29 trillion during the quarter ending in June. Reuters, citing...

READ MORE >