Digital currency may be an answer to help the unbanked, Sen. Warren says

Senator and former United States presidential candidate Elizabeth Warren believes that the digital asset industry may be a tool to tackle some challenges in the traditional financial system. A known skeptic of cryptocurrencies like Bitcoin (BTC), Warren appeared to have softened her stance on the crypto industry in a CNBC Squawk Box interview on Wednesday, stating that digital currencies could be an instrument to bank the unbanked: “There has been an enormous failure by the big banks to reach consumers all across the country. Digital currency and central bank digital…

Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test – Fintech Bitcoin News

A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed to show the digital currency’s carbon footprint would be smaller than that of card payments. 300,000 Payments a Second Processed During Digital Euro Trial An experiment carried out as part of the recently launched ‘Investigation Phase’ of the digital euro project has established that…

How NFT Has Changed Digital Art and What to Expect From It in the Future

The specialized media write about the “collapse of the NFT bubble”, although not long ago NFT was called the main trend of 2021 in crypto art. We bring to your attention an article in which the Boosty Labs team shares their opinion on what is happening to the digital art market now and what to expect from it in the future.   Boosty Labs is an IT outsourcing company specializing in fintech, P2P software development and tech consulting. A few terms that will help you better understand the topic: Crypto…

One-tenth of Russians ready to get salaries in digital ruble, report says

Amid the Bank of Russia continuing progressing with its central bank digital currency (CBDC) development, one survey suggested that few Russians are ready to accept salary payments in the digital ruble. Almost half of the Russian respondents strongly objected to receiving salaries in the digital ruble in a new survey by local recruitment site HeadHunter. Only 11% of respondents said that they were ready to get salaried in the digital ruble, while 41% indicated that they were “categorically opposed” to being paid in the CBDC, local news agency Izvestia reported on…

Ethereum Hits 3-Week High as Digital Currencies Embark on Resurgence

Ethereum hit the high, after climbing more than 8% in 24 hours and nearly 23% in one week, as several other assets also rise. Ethereum (ETH) has risen 8% to record a 3-week high of $2,587 on Monday, July 26th, despite not being the overall top gainer for the day. The second-largest cryptocurrency was one of several tokens to continue building upon a recent resurgence in recent weeks. A resurgence, which has seen the overall market value of crypto rise to $200 billion. Several factors may be responsible for this…

Namibia Central Bank to Complete Crypto Study By April 2022 — Governor Says Current Laws Do not Permit Use of Digital Assets – Regulation Bitcoin News

The Bank of Namibia (BON) is on course to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use in the country’s laws. Although Gawaxab did acknowledge that cryptocurrencies “are not a bad thing,” he still argues that attempts to approve the use of cryptocurrencies in Namibia will not be easy. In a video shared by the country’s state broadcaster, the governor explains why…

81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully Launched – Regulation Bitcoin News

Eighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the number in May last year. In addition, five countries have fully launched their own digital currencies. 81 Central Banks Explore Launching Own Digital Currencies The Atlantic Council’s Geoeconomics Center unveiled a new central bank digital currency (CBDC) tracker featuring an interactive database last week. The Geoeconomics Center described itself as “a nonpartisan organization that galvanizes U.S. leadership and engagement in the world, in partnership with allies and…

Amazon’s Payment Team Hiring Digital Currency Expert to Develop Cryptocurrency Strategy and Products – Bitcoin News

Amazon’s Payments Acceptance & Experience team is hiring a digital currency and blockchain expert to develop the company’s digital currency and blockchain strategy and product roadmap, including a launch strategy. “We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon,” the company’s spokesperson said. Amazon Developing Crypto Strategy Amazon has posted a job opening for a “Digital Currency and Blockchain Product Lead.” The job posting explains that “The Amazon Payment Acceptance & Experience Team is responsible for how Amazon’s customers…

64% of Adults from 10 Different Countries Would Use a Central Bank Digital Currency: Report – Bitcoin News

As central bank digital currencies (CBDCs) advance in testing, a number of countries have taken the lead in an effort to create a CBDC. The enterprise blockchain firm Guardtime recently conducted a survey that shows adults from ten different countries would likely use a CBDC. Nearly two out of three respondents said they would likely use a CBDC after launch and most of the study’s participants believe a major CBDC will be launched within three years. 63% of Survey Respondents Would Leverage a CBDC if Launched, 33% Would Be ‘Very…

Nigeria to Start Piloting Digital Currency in October – Fintech Bitcoin News

The Central Bank of Nigeria (CBN) has reportedly set October 1 as the commencement date for the trial phase of its digital currency project. Dubbed project Giant, this digital currency project, or the “e-naira,” is expected to use the Hyperledger Fabric blockchain. CBDC Comes to Life The revelation of the launch date for Nigeria’s central bank digital currency (CBDC) comes just a few months after central bank governor, Godwin Emefiele, said the digital currency will soon “come to life.” It also comes after the CBN suggested in June that Nigeria…