Nine in 10 of the world's central banks are pursuing digital currency projects, but private sector expertise and buy-in will be pivotal to their success, Anish Jain, CEO of WadzPay, tells PYMNTS in the December edition of the "Blockchain Payments Tracker."
The International Monetary Fund has identified central bank digital currencies (CBDCs) as more efficient alternatives to physical cash that promise to lower transaction costs, promote financial inclusion, limit illicit activity and improve the functioning of monetary policy. At the same time, public-private partnerships are essential...
Blockchain is drawing government scrutiny worldwide as regulators seek to constrain fraudsters, limit its environmental impact and protect investors and enthusiasts from the technology’s potential drawbacks. The European Union and the United States are currently taking the lead in blockchain regulation, although other countries, such...
As cryptocurrency enters the mainstream, lawmakers struggle to create regulations that strike a balance between limiting the technology’s risk while also unlocking its benefits. In this month’s Blockchain Payments Tracker®, Andreas Veneris of the University of Toronto tells PYMNTS why he thinks cross-border payments would...
September 13, 2022
Since the very start of the concept of digital payments, humans have pursued a dream of simplified transactions between individuals that mix the ease and personal control of cash payments with the speed and interconnectivity of electronic payments. The earliest iterations of eMoney were all third-party products. Even when transactions within a system were instant […]
