The travel industry is on a strong rebound post-pandemic, experiencing a notable resurgence in activity and revenue. And despite the rise of digital payments methods, Richard Wazacz, CEO at foreign exchange company Travelex, tells PYMNTS that the continued use of cash as the primary payment method for...
Nigeria’s switchover to new paper currency has grown more chaotic. ATMs in Africa’s largest economy have run out of new notes, Bloomberg News reported Saturday (Feb. 4), ahead of a deadline that will ban high-value currency. According to the report, hundreds of people were left...
Two-thirds of Salvadoran citizens consider President Nayib Bukele’s bitcoin policy a failure and more than three-quarters have never used it, German public news outlet Deutsche Welle reported this week. Less than 17% consider it a success, according to the University Institute of Public Opinion of...
Conventional wisdom holds that, as digital currencies continue to evolve and as bitcoin and its brethren joust with the traditional banking system, central banks would embrace central bank digital currencies (CBDCs) whole-heartedly. But that would just be the conventional wisdom, and the reality is a...
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 […]
March 07, 2024
The travel industry is on a strong rebound post-pandemic, experiencing a notable resurgence in activity and revenue. And despite the rise of digital payments methods, Richard Wazacz, CEO at foreign exchange...
November 30, 2020
When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the...
October 30, 2020
At a time when hundreds of cryptocurrencies are battling alongside bitcoin to earn the trust and mass embrace of consumers, business and banks, their digital cousins in the stablecoin market...
February 05, 2023
Nigeria’s switchover to new paper currency has grown more chaotic. ATMs in Africa’s largest economy have run out of new notes, Bloomberg News reported Saturday (Feb. 4), ahead of a deadline that will ban high-value currency. According to the report, hundreds of people were left stranded at a busy marketplace in Lagos, the largest city […]
June 16, 2020
Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the company’s banks and lenders, Financial...
March 22, 2020
In the midst of the coronavirus pandemic, the Federal Reserve has plans to print new money that will not have come into contact with the virus, although this may not happen...
November 11, 2019
Tencent has announced that it will launch a blockchain-based virtual bank. The company’s blockchain chief Yige Cai revealed last week that the Hong Kong Securities and Futures Commission (SFC) has...
