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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

In a speech delivered by webcast at the Federal Reserve Board and Federal Reserve Bank of San Francisco’s Innovation Office Hours, Fed Governor Lael Brainard said that the Federal Reserve Bank of Boston is working with researchers at MIT to “build and test a hypothetical digital currency oriented to central bank uses.”.

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Portugal's SIBS Takes Payments Platform International

PYMNTS

The Instant Payments Solution platform from SIBS, launched in 2018 to ensure instant payments processing at a national level, is now also providing these operations between European financial institutions. In the U.S.,

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Payment Rails Present Many Paths To B2B Payments Optimization

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According to the Fed, the rollout of FedNow remains on track for 2023 or 2024. National Institutional Facilitation Technologies (NIFT) and B2B FinTech Haball are collaborating to develop a new digital payment rail to facilitate B2B transactions in Pakistan, the companies recently announced. In a statement, Kenneth C.

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