Tag Archives: FinTech News

Bank of Thailand Governor: No Central Bank Digital Currency Within 3-5 Years

Advertisement Twitter Facebook LinkedIn Thai citizens will have to be patient in the wait for a retail central bank digital currency that will save them from carrying cash around. According to the governor of the Bank of Thailand (BoT), Veerathai Santiprabhob, plans to switch from cash to a digital currency will not happen within the ‘next 3-5 years’.… Read More »

Central Banks of Canada, Singapore and UK Propose CBDCs for Cross-Border Payments

Advertisement Twitter Facebook LinkedIn The reserve banks of Canada, Singapore and the United Kingdom have singled out central bank digital currencies as being one of the solutions that can be implemented in order to solve the challenges encountered when making cross-border payments. The report by the Monetary Authority of Singapore, Bank of England and Bank of Canada notes… Read More »

Revolut: Lack of Investor Interest Stunting Crypto Adoption on Wall Street

Advertisement Twitter Facebook LinkedIn Is crypto investing the future of banking? Not in the short term, says fintech executive Nikolay Storonsky, the CEO of London-based startup Revolut, which recently began offering cryptocurrency trading. Storonsky said he had seen “no interest” so far from mainstream institutional investors — despite the fact that Wall Street powerhouses Goldman Sachs and Fidelity are building financial… Read More »

Mike Novogratz’s Galaxy Digital Hires Goldman Sachs Exec to Oversee Blockchain Unit

Advertisement Twitter Facebook LinkedIn Mike Novogratz’s crypto investment bank, Galaxy Digital Capital Management, hired Goldman Sachs banker Ian Taylor to oversee the group’s advisory-services arm. Taylor will join Galaxy Digital before January 2019, sources told Bloomberg. Taylor was a managing director at Goldman, where he worked for almost 19 years, according to his LinkedIn profile. At Galaxy Digital,… Read More »

Fake News: SWIFT Denies Rumor it Will Join Ripple’s Blockchain Network

Advertisement Twitter Facebook LinkedIn Speculation that RippleNet and the Society for Worldwide Interbank Financial Telecommunication (SWIFT) were planning to integrate may have caused the market cap of ripple (XRP) to briefly overtake that of ethereum to take the second position in the overall crypto market. SWIFT Says it isn’t Joining RippleNet This was based on the belief that… Read More »

‘GoodDollar’: eToro CEO’s New Crypto Project Will Use Blockchain to Fight Poverty

Advertisement Twitter Facebook LinkedIn Calling it an “open invitation for the world to “rethink the existing economic framework,” eToro co-founder and CEO Yoni Assia today announced the launching of GoodDollar, a blockchain-powered, non-speculative crypto project which is geared towards a global distribution on the principles of the universal basic income. The launch has the backing and blessing of… Read More »

Marshall Islands President Faces No Confidence Vote amid Plans for a National Cryptocurrency

Advertisement Twitter Facebook LinkedIn Marshall Islands President Hilda Heine is under fire and is facing a vote of no confidence amid a bold plan led by her administration to introduce a national cryptocurrency dubbed the Sovereign (SOV). The vote will reportedly occur next week after a group of eight senators including Senator Casten Nemra introduced the motion on Monday… Read More »

Middle East Hub? Ripple to Set up an Office in Dubai by Year-End

Advertisement Twitter Facebook LinkedIn Ripple has announced that it will be setting up an office in Dubai, United Arab Emirates before the close of 2018. Speaking during this year’s Global Islamic Economic Summit that was held in Dubai, Ripple’s global infrastructure innovation head, Dilip Rao, indicated that the focus of the fintech firm would be on cross-border payments.… Read More »

Untraceable Cryptocurrency Can Help Us Bypass Sanctions: Iranian General

Advertisement An Iranian general has strongly hinted that the country could soon turn to cryptocurrencies as a way to evade international financial sanctions. Brigadier General Gholam Reza Jalali, head of Iran’s Civil Defense Organization, on Monday spoke about the ‘great opportunities’ presented by cryptocurrencies in the latest indication that Tehran is developing a state cryptocurrency. As reported by… Read More »

Hitachi Partners India’s Largest Bank for Digital Payments Push

Advertisement 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 point-of-sale solutions… Read More »