The EURM token is the latest euro-denominated stablecoin endorsed by Spain’s central bank. The new digital euro will be issued by Spanish FinTech Monei, which has been authorized by the Banco de España (BDE) to test the stablecoin in its regulatory sandbox, Spanish media has...
The European Commission is preparing to publish a draft payment law on Wednesday that will require payment service providers to offer 24/7 instant euro payment services, Reuters reported Tuesday (Oct. 25). Currently, Single Euro Payment Area (SEPA) instant payment rails have been beset by slow...
Predictable foreign exchange (FX) markets are what cross-border and import-export businesses seek in general. It’s easy to make plans on the assumption that exchange rates won’t change drastically. So with the pound plunging to an all-time low against the dollar on Sept. 26, the world...
How a currency trades on the world stage is a form of shorthand for how traders and investors view the prospects and the perils facing various nations. And in Europe, the status of the British pound and euro signal turbulence ahead for several sectors in...
March 31, 2023
Although Europe lacks a pan-regional scheme to rival international card networks, building and igniting one means giving consumers and merchants a reason to get on board — something that is lacking today, says Gijs Boudewijn, general manager at the Dutch Payments Association. “There is hardly any demand, especially not from consumers. They can get a […]
January 23, 2023
The EURM token is the latest euro-denominated stablecoin endorsed by Spain’s central bank. The new digital euro will be issued by Spanish FinTech Monei, which has been authorized by the...
October 04, 2022
Predictable foreign exchange (FX) markets are what cross-border and import-export businesses seek in general. It’s easy to make plans on the assumption that exchange rates won’t change drastically. So with...
July 04, 2017
Brexit is still being worked on, worked out and one wonders what workers will do. For the highly skilled employees of both the U.K. and the continent, including those in...
October 25, 2022
The European Commission is preparing to publish a draft payment law on Wednesday that will require payment service providers to offer 24/7 instant euro payment services, Reuters reported Tuesday (Oct. 25). Currently, Single Euro Payment Area (SEPA) instant payment rails have been beset by slow adoption and low uptake in some countries. As PYMNTS has […]
June 02, 2021
In a new report, the European Central Bank says that the advent of a digital version of the euro could improve the currency’s global standing by making it easier for...
October 01, 2020
The European Central Bank (ECB) has taken what could be a big first step toward launching a digital currency. Even as it wraps up a study of the pros and...
January 08, 2020
Chief Economist Gita Gopinath of the International Monetary Fund (IMF) said it’s unlikely that digital currency — or a “synthetic hegemonic currency,” which is a digital basket of reserve currencies...
