In the United States, a central bank digital currency may be on the horizon — but not with the blockchain. Which begs the question: just how will the digital dollar be issued and maintained, and how will the ecosystem itself be created? In news this...
To put it mildly, these are heady times for the Federal Reserve. It’s managing the specter of inflation hovering over unprecedented government spending to manage an economy that has been disrupted by a global pandemic. Then there’s a stock market that now includes a whole...
The U.S. economy could face a credit crunch as the weather gets colder if the coronavirus worsens, experts warn, Reuters reported. Some of the warning signs could be a rise in foreclosures and more business bankruptcies. Without additional financial aid, all of these things could...
In today’s top news, Apple will end its practice of taking a commission from streaming platforms operating on its devices, and Softbank pulled out of its $3 billion deal to purchase WeWork. Plus, the Boston Federal Reserve Chief said the U.S. jobless rate is poised...
March 12, 2024
The recent move by Norway to enact rules ensuring consumers’ ability to pay with cash reflects a growing concern over the potential exclusion of certain segments of the population who are reluctant to use digital payments. The proposed measures will enable customers to pay with cash at any sales location where other types of payment […]
April 05, 2021
To put it mildly, these are heady times for the Federal Reserve. It’s managing the specter of inflation hovering over unprecedented government spending to manage an economy that has been...
September 23, 2020
The U.S. economy could face a credit crunch as the weather gets colder if the coronavirus worsens, experts warn, Reuters reported. Some of the warning signs could be a rise in foreclosures and more business bankruptcies. Without additional financial aid, all of these things could make it harder for both consumers and businesses to access […]
April 01, 2020
Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. jobless rate...
