Remove cryptocurrency Remove Innovation Remove Regional Remove Technology
article thumbnail

Cryptocurrency risks, rewards and red flags for financial institutions

Abrigo

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. You might also like this whitepaper, "Understanding Cryptocurrency." Historical benefits of cryptocurrency. Cryptocurrency's appeal to consumers.

article thumbnail

Mastercard Leads New Central Bank Digital Currency Test Platform

PYMNTS

The testing tool comes as the global economy embraces digital payments and central banks investigate how to support innovation while maintaining financial stability as they issue the currency. This new platform supports central banks as they make decisions now and in the future about the path forward for local and regional economies.”.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Bitcoin Tracker: Battle For The Cryptocurrency Crown

PYMNTS

Distributed ledger technology (blockchain) has made significant headway this year, and people are starting to take notice. At the beginning of 2017, the cryptocurrency bitcoin was valued at just under $1,000 and soared up to over $3,000 in May. This gives way to countries opting to integrate cryptocurrencies for their own use.

article thumbnail

Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. This tech is also aimed to serve as the challenger bank or “sidecar” core offering for the digital subsidiaries of community and regional banks.

article thumbnail

How Digital Tools Change The Security Landscape

PYMNTS

Technologies such as artificial intelligence (AI) and biometrics are changing the digital security landscape, and a recent study found that social media networks have become a more popular way for hackers to target new victims. billion: Total value of losses to cryptocurrency theft reported in Q1 2019. . $22

Security 139
article thumbnail

Financial Stability Board Calls For Current Crypto Education

PYMNTS

Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters reported on Wednesday (Feb. He sent the letter ahead of the 2020 IIF G20 Conference happening in Riyadh, Saudi Arabia this weekend, Feb.

article thumbnail

SoftBank’s Founder Loses $130M On Bitcoin Investments

PYMNTS

Japanese billionaire and SoftBank Founder Masayoshi Son didn’t do well in his personal cryptocurrency investing, reportedly losing more than $130 million. Son’s investments in technology companies resulted in the launch of the $100 billion SoftBank Vision Fund. SoftBank is currently valued at as much as $190 billion.

Bitcoin 128