payment system

BRICS Bloc Mulls Stablecoins, CBDC-Based System for International Settlements

April 23, 2024 Bitcoin.com

bitcoin.com

Russian Deputy Foreign Minister Sergey Ryabkov revealed that the BRICS bloc has been considering the use of stablecoins for its common rail payment systems. In an interview with TV BRICS, Ryabkov stated that the use of stablecoins and a connection linking the CBDCs of the participants were studied as part of the integration processes of […]

Read more

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

Kremlin Reveals Plans to Create a “Politics-Free” BRICS Blockchain-Based Payments System

March 8, 2024 Bitcoin.com

bitcoin.com

Yury Ushakov, an aide of Russian president Vladimir Putin, revealed plans to create a digital blockchain payment system for the BRICS bloc. Ushakov remarked that the countries of the group would benefit from implementing such a system for the use of governments, common people, and businesses, stating that it would be convenient, cost-effective, and “free […]

Read more

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network

April 9, 2023 Bitcoin.com

Americans

The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including […]

Read more

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

Report: Elon Musk’s Payments Vision for Twitter Takes Shape, Small Team Tasked to Build Infrastructure

January 30, 2023 Bitcoin.com

beta crypto tipping

Seven months ago, current Twitter owner Elon Musk said, prior to acquiring the social media giant, he would integrate cryptocurrency payments. According to sources, a team is working on the infrastructure for a payment platform, and Twitter is proceeding with regulatory approvals and registrations. Elon Musk’s Plan for Twitter Payment System Advances, Adding Cryptocurrency Later […]

Read more

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

14th Anniversary of Bitcoin’s Genesis Block: A Look Back at the Birth of Cryptocurrency

January 3, 2023 Bitcoin.com

Bank Bailouts

14 years ago on Jan. 3, 2009, Satoshi Nakamoto launched the Bitcoin network and block zero at approximately 1:15 p.m. (ET) on a Saturday afternoon. Satoshi’s technology allows “online payments to be sent directly from one party to another without going through a financial institution.” Since Bitcoin was born it changed the financial system significantly, […]

Read more

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency

October 31, 2022 Bitcoin.com

bank of thailand

The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better Understand Risks of […]

Read more

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

Erdogan Suggests Turkish-Russian Payment System, Local Media Reports

September 24, 2022 Bitcoin.com

bank

Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been working with them to facilitate payments by Russian tourists visiting the country. President Erdogan […]

Read more

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

Report: East African Single Currency Unlikely to Be Introduced by 2024

August 25, 2022 Bitcoin.com

bitcoin.com

There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this is member states’ delays in meeting targets as set out in the roadmap. Attainment of Single Regional Currency a Top Priority […]

Read more

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

US Federal Reserve Board Unveils Final Guidelines Used When Reviewing Requests for Access to Master Accounts

August 18, 2022 Bitcoin.com

Avanti

The U.S. Federal Reserve Board has said it has released the final guidelines which are set to be used by Reserve Banks when “reviewing requests to access Federal Reserve accounts and payment services.” According to the board, the final guidelines will become effective as soon as they are published in the Federal Register. New Guidelines […]

Read more

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

Namibian Central Bank Announces Plan to Launch CBDC

April 9, 2022 Bitcoin.com

Bank of Namibia

Johannes Gawaxab, the governor of the Bank of Namibia (BON), has said his organization is planning to launch a central bank digital currency (CBDC). The governor, however, warns the launch might have implications for financial stability. BON Researching CBDCs The BON governor, Johannes Gawaxab, recently confirmed that the central bank is now planning to launch […]

Read more

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back