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Posts Tagged ‘Digital’

BRI Remittance Brings Digital Identity to Banking With Blockchain Partnership

Digital identity solutions are on the rise as consumers seek security and accessibility in a digitized world. A new report from 360iResearch shows that the global digital identity market is expected to have reached about $37 Million by the end of 2025. As COVID-19 continues to wreak havoc, this number could grow even larger.  Unsurprisingly,…

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BIS Researchers Say Coronavirus Could Spur Central Banks to Adopt Digital Payments

Researchers at the Bank for International Settlements (BIS) think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies (CBDC). They issued their forecast in BIS’ April 3 Bulletin. COVID-19 is changing the public’s relationship with cash, they said, despite the scientific community’s consensus that coronavirus transmission via…

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Digital Custodian Anchorage Adds XRP Storage for Institutional Customers

Digital custody provider Anchorage has added custodial support for XRP, the company announced in a Thursday blog post. XRP (XRP) is the third-largest cryptocurrency by market capitalization, and is best known as the crypto used by Ripple for cross-border payments. Prior to Thursday, XRP was the only top-three cryptocurrency not supported by Anchorage, which specifically…

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Congressional Bills Signal Digital Dollar Is Politicaly Feasible- CoinDesk

Legislation introduced in the U.S. Congress this week signals the Overton Window – a metric of what’s politically feasible – is opening in favor of national digital currencies.  While it’s unlikely we’ll see a digital dollar any time soon, the coronavirus crisis may help precipitate adoption of novel forms of money, members of the cryptocurrency…

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‘Digital Dollar’ Stripped From Latest US Coronavirus Relief Bill

Mentions of a “digital dollar” in a coronavirus-related relief bill before the U.S. House of Representatives – one of the two chambers of Congress – have been scrubbed. The lawmakers introduced the bill last week, envisioning a digital payment system organized by the Federal Reserve and its member banks to directly send these funds to…

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Central Bank Digital Currency ‘Incredibly Rich Area’ Says IMF

Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF) has made a strong argument for the development of Central Bank Digital Currency (CBDCs). He asserts that as a new asset class they hold tremendous promise, notably for the developing world. BENEFITS OF DIGITAL CURRENCY EMPHASIZED Zhang discussed CBDCs in an address given at…

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Key Government Figure Says Japan Needs a Digital Yen — and Fast

Even amid the financial turmoil caused by the coronavirus outbreak, countries are continuing to consider the adoption of a central bank digital currency (CBDC). In an exclusive interview with Cointelegraph Japan, Kozo Yamamoto, Liberal Democratic Party (LDP) Member of the House of Representatives and a former official at the Ministry of Finance, argued that Japan…

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What Are zk-SNARKs and How Do They Affect Digital Privacy?

At a time when technology can be used as both a mechanism for privacy intrusions and a tool for protecting privacy, the prescient sentiment of cypherpunks in the 1990s of cryptography as the last defense against a digital surveillance dystopia rings truer than ever. And one of the most potent instruments for defending digital privacy…

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