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Blockchain Technology Not Suitable for Visa’s Core Business

Bank Innovation

At the JPMorgan Technology, Media and Communications conference in Boston yesterday, Kelly said: Remember blockchain actually is not very good about facilitating low-value high-volume scale transactions, which is the core of what we do. […].

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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. Building The (Retail) Use Cases.

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Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

PYMNTS

The EMTECH Modern Central Bank Sandbox will assist central banks in setting up digital currency that’s interoperable and thus can be converted to other cryptocurrencies, and is compatible with payment devices and terminals worldwide.

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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.

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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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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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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.