article thumbnail

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

PYMNTS

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. And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there.

Boston 269
article thumbnail

Crypto 2020: One Step Up; Two Steps Back

PYMNTS

It all depends on how you look at it — and where you look, of course. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And, of course, the crypto landscape extends well beyond bitcoin. Of course, it’ll take some time to get there if we do. It’s not about going to production.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. The Fed, of course, is hardly alone in mulling digital fiat currencies.

Cleveland 330
article thumbnail

Cautious Property Firms Put The Brakes On Rapid Growth

PYMNTS

WeWork significantly altered course after losing money, shedding employees because it grew too fast and concerned shareholders. Traditional Silicon Valley startups accelerate through cash to achieve rapid expansion, with the goal of easier profitability once a certain market size has been secured.

Boston 130
article thumbnail

Revving The Engine For Digital Licenses

PYMNTS

Reviver Auto seeks to bring the license plate into the digital age via its rPlate, which acts as a digital display, tied, of course, to license plate numbers, but with an eye on connectivity. The conversation, as it often does with technology, turned to security. paper check all be transformed along the way? It’s onerous.

Boston 128
article thumbnail

Bain Capital Nets $800M For Business Impact Funding

PYMNTS

The WSJ reported that Boston-based Bain raised the funds even though other global impact funds have struggled with fundraising this year, drawing just $14.6 The first fund, called Bain Capital Double Impact Fund, was registered with the Securities and Exchange Commission in July 2016. billion through Nov. 20 compared with $76.2

Capital 188
article thumbnail

Credit Unions, CUSOs Fighting Fraudsters

PYMNTS

The fact that fraudsters use tragedy for their own gain is nothing new, of course. Advances in payments technologies are making consumer transactions more secure,” the report states.

Fraud 239