Africa
With the current wave of the Corona virus pandemic ravaging economies, an overhaul of the traditional financial and payments system seems inevitable. Predictions are rife that digital payment models like central bank digital currencies, cryptocurrencies, and online payments are the way to go. At this time, government-imposed lockdowns have forced
Blockchain
In its latest report, the Bank of International Settlements (BIS) says the coronavirus pandemic has accelerated the need to create central bank digital currencies (CBDC). The BIS report notes that central banks must realize this is the time to move ahead with development of CBDC projects; with COVID-19 haven exposed
Blockchain
* ₿ Tech to replace banking jobs * ₿ HSBC to launch Blockchain Digital Vault Hongkong and Shanghai Banking Corporation (HSBC) - Europe's largest bank has revealed in its recent earning call, it plans to drop 35,000 jobs by the end of 2022 and invest more in digital systems. The banking
Bitcoin
The United States Congress (January 30) held a hearing session titled: "Is Cash Still King? Reviewing the Rise of Mobile Payments." The hearing held before House Representatives of the Fintech Task Force, had in attendance a number of payment companies, consumer witnesses and non-profit institutions. During the hearing,