PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Building The (Retail) Use Cases.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

DECEMBER 18, 2020

As reported by Reuters , the Sand Dollar – a new digital currency issued and backed by the Bahamian central bank – is now in circulation, and bit by bit, has been making inroads into retail use cases. The money is spendable at a number of retail locations. Central Banks Around the World Eye CBDCs.

Cleveland 357

Cleveland Massachusetts Boston cryptocurrency 357

PYMNTS

AUGUST 21, 2020

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. The focus on wholesale payments may bring various retail use cases to reality — including stimulus and disbursement of government payments.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

PYMNTS

SEPTEMBER 15, 2020

But as to what a CBDC might look like in the eurozone, ECB executive board member Yves Mersch said a speech earlier this year that retail central bank digital currency (CBDC) is a game-changer and that retail CBDCs would be a “main focus.”

Boston 227

Boston Retail Meeting Maine 227

PYMNTS

OCTOBER 9, 2020

Recent reports note that China – specifically, the People’s Bank of China (PBOC) – has said that a test of a CBDC has been focused on small retail transactions. In Switzerland, the Swiss Federal Council said at the end of last year that a CBDC might be useful in wholesale settings, but not for retail.

National 175

National Boston Examples Course 175

PYMNTS

SEPTEMBER 17, 2020

Separately, of course, the People’s Bank of China (PBOC) has said that a test of a CBDC rests with small retail transactions — not large-volume transactions. “An increase in protectionist policies” may present risks in a landscape where foreign payment service firms still are dominant, she said.

Policies 181

Policies Boston Examples ATM 181

PYMNTS

FEBRUARY 5, 2018

For instance, there are startups using blockchain, the distributed ledger technology behind cryptocurrencies like bitcoin, for supply chain tracking and transparency. Rather, their goal is to put pressure on the industry giants in the same way that nimble FinTech startups have put pressure on traditional banks and financial institutions.

Boston 101

Boston Data Community Industry 101