Tag: Bank

Mobile Payments Outpacing Debit Cards in Argentina According to Central Bank Reports – Fintech Bitcoin News

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Mobile payments are thriving in Argentina, leaving behind other traditional payment methods, including credit and debit cards. According to the central bank’s monthly report on retail payments, this kind of payment has thrived, representing 60% of the payments operations made, while plastic-based payment media has stagnated, registering a fall in use. Mobile Payments Keep Growing in Argentina Electronic contactless payments have been thriving in several countries of Latam, given the penetration of mobile cell phones in the area. The latest monthly report on retail payments issued by the Central Bank…

Algorand to support bank and insurance guarantees platform in Italy

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Layer-1 blockchain platform Algorand has been chosen as the public blockchain to support an “innovative digital guarantees platform” to be used in Italy’s banking and insurance markets. The Algorand-supported platform is expected to be launched in early 2023. According to Algorand’s Dec. 13 announcement, this is the first time an EU Member State will use blockchain technology for bank and insurance guarantees. A bank guarantee is when a lending institution promises to cover a loss if a borrower defaults on a loan. It’s an alternative to providing a security bond or…

German crypto asset trading platform Bitcoin Group SE buys bank with full license

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Bitcoin Group SE, operator of the German crypto trading platform bitcoin.de, announced that it has acquired 100% of shares in Bankhaus von der Heydt. The bank has a full banking license and is a provider of digital asset custody and tokenization services.  According to an announcement released Dec. 12, Bitcoin Group SE has preliminarily proposed to pay bank owner Dietrich von Boetticher 14 million euros and 150,000 shares. The deal is subject to approval from the German Federal Financial Supervisory Authority (BaFin) and is expected to close in the third…

Brazil Central Bank to Launch a CBDC in 2024

“Greater inclusion, lower cost, intermediation, competition with reduced barriers to entry, efficiency in risk control, monetization of data, complete tokenization of financial assets and contracts,” Campos Neto said. “This is what we see in this digital economy in Brazil.” Source

Bitcoin Group Agrees to Buy German Bank Bankhaus von der Heydt for $15M

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Bitcoin Group Agrees to Buy German Bank Bankhaus von der Heydt for More Than $15M

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Bank of England opens applications for ‘proof of concept’ CBDC wallet

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The Bank of England (BOE) is seeking a “proof of concept” for a wallet that will be able to hold a Central Bank Digital Currency (CBDC). On Dec. 9, the BOE posted a request for applications on the United Kingdom government’s Digital Marketplace, a service where government organizations can solicit work for digital projects. Simple guidelines for what the proof-of-concept wallet would have to achieve were outlined, with the wallet seemingly only needing to offer basic functionality such as a signup process, a way to update details, and show balances…

Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness – Economics Bitcoin News

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Angel investor Balaji Srinivasan says the collapse of crypto exchange FTX should be treated as “a preview of state failure.” He warned that one day U.S. dollar bank accounts “may be frozen or inflated to worthlessness,” emphasizing that the authorities “will show no interest in prosecuting.” Srinivasan cautioned: “That world is coming and we need alternatives.” Balaji Srinivasan on FTX, State Failure, and U.S. Dollars Becoming Worthless Angel investor Balaji Srinivasan commented on the collapse of crypto exchange FTX in a series of tweets Saturday. Formerly the CTO of crypto…

Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported – Mining Bitcoin News

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The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal regimes in Russia, as an exception. Russia’s Central Bank Suggests Restrictions Be Added to Proposed Crypto Mining Law The Central Bank of the Russian Federation (CBR) “conceptually supports” the draft law seeking to legalize the crypto mining sector, but at the same time maintains that the digital currencies obtained in the process should be…