In today’s FinTech news, Tencent could be faced with spinning WeChat Pay into its payments subsidiary, while crypto exchange Binance looks to acquire a bank in Brazil in order to enter the market in the country. Plus, German FinTech Monite offers a one-stop-shop for automating...
The Bank of Canada is teaming up with the Massachusetts Institute of Technology (MIT) on a 12-month research project that’s focused on the design of a potential Central Bank Digital Currency (CBDC), according to a Cointelegraph report Thursday (March 17). Bank officials will work with...
The introduction of Libra, Facebook’s attempt at digital currency in 2019, energized digital asset proponents who said the new technology would transform the banking landscape with a blockchain-based stablecoin payment and cryptocurrency network. In an interview with PYMNTS, Andreas Veneris, a professor of electrical and...
Following a selection process that included the Bank of Canada, Payments Canada will partner with Interac Corp. to serve as the exchange solution provider for the country’s Real-Time Rail (RTR). Expected to be introduced next year, the RTR will be operated by Payments Canada and...
March 30, 2018
Today’s average Canadian consumer is more cash-enthused than their average American counterpart. Canadians still make about 51 percent of their purchases in cash, according to data from the Bank of Canada – as opposed to Americans, who handle less than a third of their transactions in cash, according to the PYMNTS Global Cash Index. Canadians, by the […]
March 18, 2022
The Bank of Canada is teaming up with the Massachusetts Institute of Technology (MIT) on a 12-month research project that’s focused on the design of a potential Central Bank Digital Currency (CBDC), according to a Cointelegraph report Thursday (March 17). Bank officials will work with MIT Media Labs’ Digital Currency Initiative (DCI) team to examine […]
March 02, 2021
Following a selection process that included the Bank of Canada, Payments Canada will partner with Interac Corp. to serve as the exchange solution provider for the country’s Real-Time Rail (RTR)....
October 29, 2020
The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters. Bank Governor Tiff Macklem told...
October 19, 2020
Canada’s economy has rebounded from the depths of the coronavirus-triggered downturn over the summer but still remains stuck in negative territory, a new Bank of Canada survey finds. The Bank...
