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Fintech and Central Bank Digital Currency in Australia - 0 views

www.adb.org/...ank-digital-currency-australia

Fintech CryptoAssets CBDC FastPayments

shared by John Kiff on 13 Nov 19 - No Cached

John Kiff on 13 Nov 19

This paper by a Reserve Bank of Australia (RBA) staffer sheds light on Australia's fast real-time retail payments system, the New Payments Platform (NPP). It concludes that there is no strong case for the RBA to issue a retail central bank digital currency given that the NPP and the safer Next Generation Banknote series.

<div class="cArrow"> </div><div class="cContentInner">This paper by a Reserve Bank of Australia (RBA) staffer sheds light on Australia's fast real-time retail payments system, the New Payments Platform (NPP). It concludes that there is no strong case for the RBA to issue a retail central bank digital currency given that the NPP and the safer Next Generation Banknote series.</div>

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ING on the digital money revolution - 0 views

think.ing.com/...the-digital-money-revolution

Fintech CryptoAssets PaymentSystems

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John Kiff on 13 Nov 19

Payments innovation is moving at a dizzying pace. Some ideas may fail to get off the ground, while others may need to pivot to become commercially viable. Other issues, like market dominance or cyber-security risks, will undoubtedly become more prominent in policy debates. On balance, however, the economic and social benefits of a frictionless, fraud-free, and trusted global payments system will likely outweigh the risks.

<div class="cArrow"> </div><div class="cContentInner">Payments innovation is moving at a dizzying pace. Some ideas may fail to get off the ground, while others may need to pivot to become commercially viable. Other issues, like market dominance or cyber-security risks, will undoubtedly become more prominent in policy debates. On balance, however, the economic and social benefits of a frictionless, fraud-free, and trusted global payments system will likely outweigh the risks.</div>

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Google reportedly offering checking accounts next year - 0 views

www.cnbc.com/...ecking-accounts-next-year.html

Fintech Bigtech

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John Kiff on 13 Nov 19

Google will offer checking accounts next year, according to a source familiar with the company's plans, representing Big Tech's boldest move yet into the consumer banking business.

<div class="cArrow"> </div><div class="cContentInner">Google will offer checking accounts next year, according to a source familiar with the company's plans, representing Big Tech's boldest move yet into the consumer banking business.</div>

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Blockchain is Dead? Crypto Geeks Debate Merits of Once Dear Tech - 0 views

www.bloomberg.com/...ebate-merits-of-once-dear-tech

Fintech Blockchain

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John Kiff on 13 Nov 19

Data trends also show that blockchain's been losing its fizz. In a big turnaround from years prior, the flow of cash into blockchain start-ups has dropped, according to data compiled by CB Insights. Businesses focusing on blockchain are on pace to draw $1.6 billion this year, down from a record $4.1 billion in 2018, the firm said recently.

<div class="cArrow"> </div><div class="cContentInner">Data trends also show that blockchain's been losing its fizz. In a big turnaround from years prior, the flow of cash into blockchain start-ups has dropped, according to data compiled by CB Insights. Businesses focusing on blockchain are on pace to draw $1.6 billion this year, down from a record $4.1 billion in 2018, the firm said recently.</div>

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Revolut plans to raise $500 million next year to fund global expansion - 0 views

in.reuters.com/...global-expansion-idINKBN1XM22O

Fintech VirtualBanking

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John Kiff on 13 Nov 19

British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree as it expands in markets including the United States and Japan.

<div class="cArrow"> </div><div class="cContentInner">British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree as it expands in markets including the United States and Japan.</div>

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Spend 10 Crypto-Assets With These Debit Cards - 0 views

news.bitcoin.com/rencies-with-these-debit-cards

Fintech CryptoAssets PaymentSystems

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John Kiff on 13 Nov 19

Debit cards linked to crypto wallets have been a useful payment tool for users who want to be able to spend their crypto-assets almost anywhere. Here's a list of crypto cards that currently support at least 10 cryptocurrencies.

<div class="cArrow"> </div><div class="cContentInner">Debit cards linked to crypto wallets have been a useful payment tool for users who want to be able to spend their crypto-assets almost anywhere. Here's a list of crypto cards that currently support at least 10 cryptocurrencies.</div>

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China's central bank says it is still researching and testing digital currency; launch ... - 0 views

www.theblockcrypto.com/...-launch-reports-are-fraudulent

Fintech CryptoAssets CBDC

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John Kiff on 13 Nov 19

The People's Bank of China has officially said that it is "still in the process of research and testing" its digital yuan, but that news reports stating that the central bank has issued its digital currency are "fraudulent." (http://www.pbc.gov.cn/rmyh/105208/3919880/index.html)

<div class="cArrow"> </div><div class="cContentInner">The People's Bank of China has officially said that it is "still in the process of research and testing" its digital yuan, but that news reports stating that the central bank has issued its digital currency are "fraudulent." (<a href="http://www.pbc.gov.cn/rmyh/105208/3919880/index.html" rel="nofollow" target="_blank">http://www.pbc.gov.cn/rmyh/105208/3919880/index.html</a>)</div>

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Turkey finalizing plans to launch state-backed digital currency - 0 views

www.resmigazete.gov.tr/...20191104M1-1.pdf

Fintech CryptoAssets CBDC

shared by John Kiff on 13 Nov 19 - No Cached

John Kiff on 13 Nov 19

The Turkish government government has confirmed that it is testing a new blockchain-based version of the lira to be issued by the country's central bank.

<div class="cArrow"> </div><div class="cContentInner">The Turkish government government has confirmed that it is testing a new blockchain-based version of the lira to be issued by the country's central bank.</div>

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Telegram Refutes All SEC Allegations, Asks Court to Dismiss in New Filing - 0 views

www.coindesk.com/court-to-dismiss-in-new-filing

CryptoAssets PaymentSystems Telegram Regulation Fintech

shared by John Kiff on 13 Nov 19 - No Cached

John Kiff on 13 Nov 19

In a filing to the district court of the Southern District of New York Telegram broke down and refuted all the allegations made by the SEC in its case, barring some fundamentals such as the nature of the company and its team and uncontested details of its fundraise.

<div class="cArrow"> </div><div class="cContentInner">In a filing to the district court of the Southern District of New York Telegram broke down and refuted all the allegations made by the SEC in its case, barring some fundamentals such as the nature of the company and its team and uncontested details of its fundraise.</div>

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New BIS Innovation Hub Centre in Singapore - 0 views

www.bis.org/p191113.htm

Fintech

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John Kiff on 13 Nov 19

The Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) today launched the BIS Innovation Hub Centre in Singapore. This is the BIS's first expansion of its global footprint in 17 years.

<div class="cArrow"> </div><div class="cContentInner">The Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) today launched the BIS Innovation Hub Centre in Singapore. This is the BIS's first expansion of its global footprint in 17 years.</div>

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What's Next for the BIS Innovation Hub - 0 views

www.bis.org/...hub.htm

Fintech

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John Kiff on 13 Nov 19

Topics under consideration for the work agenda include central bank digital currencies, global stablecoins, payment innovations, the impact of big tech on financial intermediation, regtech and suptech, fast-paced electronic markets, and digitalisation of trade finance.

<div class="cArrow"> </div><div class="cContentInner">Topics under consideration for the work agenda include central bank digital currencies, global stablecoins, payment innovations, the impact of big tech on financial intermediation, regtech and suptech, fast-paced electronic markets, and digitalisation of trade finance.</div>

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Bakkt in Discussions to Offer Cash-Settled Bitcoin Futures in Singapore - 0 views

www.coindesk.com/d-bitcoin-futures-in-singapore

Fintech CryptoAssets Bitcoin Futures Derivatives

shared by John Kiff on 12 Nov 19 - No Cached

John Kiff on 12 Nov 19

Bitcoin futures market Bakkt intends to expand from its current physically-settled offerings to cash-settled futures before 2020.

<div class="cArrow"> </div><div class="cContentInner">Bitcoin futures market Bakkt intends to expand from its current physically-settled offerings to cash-settled futures before 2020.</div>

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