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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

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.

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Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds

PYMNTS

In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. Report: $50B in Cryptocurrency Moved Out of China. Plus, Amazon has put some hiring on hold for its Alexa operation. The Main Street Rescue That Wasn’t (And Still Isn’t).

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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
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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

And here in the States, as detailed in an interview with Karen Webster, Jim Cunha , senior vice president, secure payments and fintech at the Federal Reserve Bank of Boston, told Karen Webster the joint efforts between the Fed and MIT are focused on exploring the infrastructure that would conceivably underly digital dollars.

Boston 227
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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

In an interview with Karen Webster, Jim Cunha, senior vice president, secure payments and FinTech at the Federal Reserve Bank of Boston — discussing joint efforts between the Fed and MIT to explore infrastructure that might underpin digital dollars — said, “Anywhere where you have a cash transaction can be a possible use case.”.

Policies 181
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The Lures – And Challenges – Of Central Bank Digital Currencies

PYMNTS

And we’re not talking about the myriad of cryptos that have popped up hither and yon, offered by private companies across what is still a Wild West for issuance (with no real set of security principles, yet) and scattered use cases. of course, is not standing still. The Federal Reserve Bank has been exploring a digital currency.

National 175
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Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

For the 12th consecutive week, there were 20+ fintech fundings worldwide. The number of deals was inflated somewhat by the six new fintech companies launched at YC’s demo day that we had not previously covered. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. HQ: Boston, Massachusetts.

Company 12