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

Binance Debuts Crypto Service for Wealth Managers
Binance Debuts Crypto Service for Wealth Managers
October 29, 2024  |  Cryptocurrency

Binance says it has become the first crypto exchange to offer a wealth management solution. Binance Wealth, announced Tuesday (Oct. 29), lets wealth managers oversee...

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Bank of England Prepares for CBDC if Commercial Banks Fail to Innovate
Bank of England Prepares for CBDC if Commercial Banks Fail to Innovate
October 28, 2024  |  CBDC

If commercial banks don’t provide retail payments innovation, central banks should be prepared to offer a retail central bank digital currency (CBDC), Bank of England...

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Bank of England: Digital Currency Won’t Supplant Cash in UK
Bank of England: Digital Currency Won’t Supplant Cash in UK
October 27, 2024  |  CBDC

If the U.K. adopts a digital currency, citizens shouldn’t expect cash and coins to disappear. That’s according to Bank of England Governor Andrew Bailey, who...

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PayPal Pays EY With In-House Stablecoin to Show ‘Well-Suited’ Enterprise Capabilities
PayPal Pays EY With In-House Stablecoin to Show ‘Well-Suited’ Enterprise Capabilities
October 03, 2024  |  Cryptocurrency

PayPal has reportedly completed its first business payment with its in-house stablecoin. This was done to show how digital currencies could be used to improve upon...

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Yellen: 2023 Bank Runs Highlight Need for ‘Thoughtful Regulation’
Yellen: 2023 Bank Runs Highlight Need for ‘Thoughtful Regulation’
September 26, 2024  |  Regulation

Treasury Secretary Janet Yellen said Thursday (Sept. 26) that it takes continuous work to build and maintain a resilient financial system. In remarks prepared for...

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Stablecoins, Tokenization and Caroline Ellison Headline This Week in Web3
Stablecoins, Tokenization and Caroline Ellison Headline This Week in Web3
September 25, 2024  |  Blockchain

Cryptocurrency’s wild ride isn’t over yet. Regulators are closing in, and innovation is speeding up. It’s safe to say that the blockchain landscape remains a...

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Canada Shifts Focus From CBDCs to ‘Payments Landscape’
Canada Shifts Focus From CBDCs to ‘Payments Landscape’
September 23, 2024  |  CBDC

Canada’s experiment with the digital dollar is over, at least for now. The Bank of Canada announced recently that after years of exploring the idea of a...

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JPMorgan Joins BIS Cross-Border Payments Project Using Digital Currencies
JPMorgan Joins BIS Cross-Border Payments Project Using Digital Currencies
September 18, 2024  |  Cross-border Payments

Some of the world’s biggest banks and payments firms are teaming to rethink cross-border payments. As Bloomberg News reported Wednesday (Sept. 18), the Bank for International Settlements (BIS) has...

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Visa and Dtcpay Partner to Facilitate Use of Digital Currencies
Visa and Dtcpay Partner to Facilitate Use of Digital Currencies
September 18, 2024  |  Partnerships

Visa and Singapore-based digital payments solutions provider dtcpay partnered to help consumers and businesses convert digital currencies into fiat and make digital payments. By integrating...

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