Category: Banks

Will they or won’t they? Central banks eye each other’s digital currency moves

Will they or won’t they? Central banks eye each other’s digital currency moves

Canada doesn’t want any “surprises” regarding central bank digital currencies. In a recent interview with Reuters, Bank of Canada Governor Tiff Macklem doubled down on the country’s contingency-plan approach to CBDCs, stressing that he sees no urgent need to issue one right now.  For Macklem, inter-state competition and coordination remains the key question when it […]

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JPMorgan’s stablecoin finally sees commercial light of day

JPMorgan’s stablecoin finally sees commercial light of day

JPMorgan Chase now recognizes blockchain’s profitability and has created a new business dedicated to digital currency and blockchain work. 5568 Total views 72 Total shares A year-and-a-half after it was first announced, JPM Coin — JPMorgan Chase’s in-house stablecoin — is now live and in use by a major transnational tech firm for round-the-clock cross-border payments. According […]

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Japanese payments firm JCB and Mizuho Bank test blockchain-based ID

Japanese payments firm JCB and Mizuho Bank test blockchain-based ID

Fujitsu has been working on blockchain-based digital identity tools since 2019. 2299 Total views 32 Total shares Major financial institutions in Japan are moving into blockchain to streamline digital identity systems. Japan’s third-largest bank, Mizuho Bank, and local payment giant JCB are preparing to pilot a digital identity interoperability system based on blockchain technology. The […]

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