Hitachi Partners India’s Largest Bank for Digital Payments Push

Hitachi Payments is entering a joint venture with the State Bank of India, the country’s largest bank, to establish a digital payments platform The collaboration sees Hitachi Payments, the wholly-owned Indian payments subsidiary of 108-year old Japanese conglomerate Hitachi, join the State Bank of India (SBI) in developing a sweeping digital payments platform with applications in […]

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No Point of a Central Bank Digital Currency in Australia: Assistant Governor

Australia is not likely to see a central bank digital currency (CBDC) any time soon as the country’s reserve bank is of the view that the existing system ‘works well’. Speaking at this year’s Swift International Banking Operations Seminar (SIBOS) currently underway in Sydney, the assistant governor of the Reserve Bank of Australia (RBA), Michelle […]

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UK Money Management App Emma Makes Crypto Push

Millennial-focused money management startup Emma Technologies is expanding into crypto. The startup is behind the Emma app for iOS and Android, which is an artificial intelligence-fueled tool that until now has only supported financial institutions like HSBC, Bank of Scotland, Barclays and others, helping users to avoid overdraft fees, manage debt and save money. Now […]

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Asian FinTech Completes Ripple Blockchain API Payment

A central-bank approved Malaysian Fintech startup that has specializes in international money transfers has completed its first cross-border transfer on RippleNet, Ripple’s enterprise blockchain platform using an API solution. With a payment from Malaysia to Spain, Kuala Lumpur-based MoneyMatch has completed its first cross-border blockchain transaction, a local report from Focus Malaysia confirmed. The transaction, […]

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Mongolia Issues First Digital Currency License to Local Telecom Operator

Mongolia has taken a significant step forward toward bolstering its fintech sector, with the East Asian country’s central bank authorizing a local telecom operator to issue a digital currency under the country’s recently-passed national payment system bill. As first reported by state-owned news agency Montsame, the Bank of Mongolia on Friday issued its first-ever digital […]

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Google-Backed Fintech Startup Uses Bitcoin for Cross-Border Settlement

Veem, a cross-border payments platform that uses bitcoin to move funds among businesses without the need of banks, has raised $25 million in a round led by Goldman Sachs, according to Forbes. The service, which does not require either counterparty to hold bitcoin directly, has quadrupled its revenue in the past year. Also participating in the […]

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Americas’ Oldest Central Bank Partners Bitcoin Startup to Explore Digital Currency

The Central Bank of Curacao and Sint Maarten (CBCS) has announced a partnership with blockchain technology firm Bitt aimed at exploring the issuance of a digital currency for Curacao and Sint Maarten island nations. Per the chief executive of Bitt, Rawdon Adams, a digital currency will be especially relevant to the two countries, which are […]

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South Africa’s Whites-Only Orania Community is Testing a Digital Currency

Exclusively populated by Afrikaners, the town of Orania located in the remote parts of South Africa’s Northern Cape Province, has had its own currency known as the Ora since 2004. Pegged to the rand, the Orania Chamber of Commerce has been responsible for printing the community’s currency. Now the town of approximately 1,600 people is […]

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Brazilian Crypto Businesses, Exchanges Create “Rival” Cryptocurrency Associations

Join our community of 10 000 traders on Hacked.com for just $39 per month. Brazil’s largest cryptocurrency exchanges, including Bitcointrade, Mercado Bitcoin, Foxbit, and others, recently joined forces to create a cryptocurrency association whose goal is to defend the interests of cryptocurrency users. The organization, dubbed Associação Brasileira de Criptoeconomia (ABCripto) recently found out other […]

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Seoul Mayor Floats Launching Cryptocurrency for South Korea’s Capital City

Join our community of 10 000 traders on Hacked.com for just $39 per month. One of the world’s largest cities may soon have its own cryptocurrency, at least if Seoul Mayor Park Won-soon succeeds in his bid to launch “S-Coin.” Park, who will seek a third term as mayor in the June elections, told CoinDesk […]

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