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Fed’s Powell: CBDC Will Be Years, Not Months, Away

PYMNTS

Despite that, there have been early studies of such payment methods at the central bank’s Boston location, CoinDesk reported. According to Powell, the Fed is “investing heavily” in the technology and is looking into the policy questions posed by CBDCs. The report speculated that CBDCs could see major progress in 2021.

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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

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Bitcoin Daily: Ripple’s $29M Charity Donation, Bitcoin’s ‘Death Cross’

PYMNTS

In investment news, Boston-based Flipside Crypto notched $3.4 Adding to the list of cryptocurrencies that users can buy or trade on its platform, Uphold announced that it has added support for Ripple ’s XRP currency, CoinDesk reported. The company made the donation through DonorsChoose.org. In the U.S., billion, Reuters reported.

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Five At Five: Mastercard Makes A Biometric Bet

PYMNTS

Mastercard Introduces Remote Biometric Card Enrollment. As biometrics have begun to represent the next generation in securing payments, Mastercard has unveiled a technological advancement for its own biometric cards. Amazon Expands Boston Tech Hub; Adds 2,000 New Tech Roles. Regulators in the U.S.

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Mobile Payments: What’s In It For Me?

PYMNTS

NanoPay is finding that for mobile payments to take off, even among early adopters, using a phone to pay must be much more rewarding and convenient than tapping a card. “You want to get into as many use cases as possible,” said Greg Weed, director of card performance research at Phoenix Marketing International.

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Amazon Sizzles, Plenti Fizzles And Goldman Gets Its Consumer Banking Groove

PYMNTS

According to internal sources familiar with the matter, Goldman is currently focusing more on technology than opening up physical spaces. Same-Day Delivery : It’s targeted by Target , which is expanding its options to the tune of 60 stores across Boston, New York, Chicago and other cities. Not much of a surprise, really.

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