Tag: digital currency
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HKMA reveals a wholesale central bank digital currency project
The Hong Kong Monetary Authority (HKMA) has announced plans to develop a wholesale central bank digital currency (CBDC). This project is part of Hong Kong’s ongoing efforts to explore the benefits and risks of a digital currency issued by a central bank. The HKMA aims to collaborate with the banking sector and other stakeholders to…
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Hubpay launches Digital Global Currency Account
Hubpay has recently announced the launch of its new Digital Global Currency Account, revolutionizing the way people manage their finances on a global scale. This innovative platform allows users to hold, send, and receive multiple currencies all in one convenient account. With Hubpay’s Digital Global Currency Account, users can seamlessly switch between different currencies for…
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Philippines announces non-blockchain CBDC plans
The Central Bank of the Philippines has made an exciting announcement regarding the introduction of a Central Bank Digital Currency (CBDC). However, what sets their plans apart from other countries’ initiatives is that the Philippine CBDC will not be powered by blockchain technology. CBDCs are digital forms of a country’s official currency that are issued…
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AXS partners with Triple-A for digital currency payments
AXS, a leading global financial services provider, has recently announced its partnership with Triple-A, a prominent digital currency platform. This strategic collaboration aims to revolutionize the way customers make payments by integrating digital currencies into AXS’s existing payment infrastructure. Enhancing Payment Options for Customers By joining forces, AXS and…
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South Korea plans a CBDC pilot in 2024
The South Korean government has recently announced its plans to conduct a pilot of Central Bank Digital Currency (CBDC) in 2024. This move highlights the country’s desire to stay at the forefront of financial innovation and digital transformation. CBDC refers to a digital form of fiat currency that is issued and regulated by the central…
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Ferrari to start accepting crypto payments in the US
In an exciting move for cryptocurrency enthusiasts and luxury car lovers, legendary Italian automaker Ferrari has recently announced that it will begin accepting cryptocurrency payments for its vehicles in the United States. This groundbreaking decision marks a major step forward in the adoption of digital currencies by mainstream companies, further bridging the gap between the…
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PayPal makes PYUSD available to select Venmo users
PayPal, the leading online payment platform, has recently unveiled an exciting new feature for select Venmo users: the availability of their exclusive digital currency called PYUSD. This latest development aims to enhance user experiences and further revolutionize the digital payment industry. What is PYUSD? PYUSD stands for PayPal Yield USD and is a digital currency…