Digital Currency | Crypto Profit Bot

Hodl or spend? Retailers offer Black Friday deals for those paying with cryptocurrency

November 27, 2020

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Cryptocurrency adoption is slowly but surely making its way to the mainstream — a notion that has become more apparent as major retailers like PayPal announce support for digital currencies. As such, it shouldn’t come as a surprise that crypto holders may be keen to spend some of their digital currency this holiday season. According […]

Ripple seeks director to engage with central banks on digital currency

November 23, 2020

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Ripple is looking to define its strategy regarding central bank digital currencies. 10281 Total views 55 Total shares Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies, or CBDCs. According to a recent job posting by Ripple, the firm is seeking a senior director of central […]

Dress to impress: Crypto payments set for mainstream via compliance

November 19, 2020

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Mainstream interest for cryptocurrency is becoming ever-apparent as major online payment systems such as PayPal begin to offer support for digital currencies. While a revolutionary step for both the crypto and traditional finance spaces, meeting regulatory requirements is crucial in order for such companies to support cryptocurrencies. This year, PayPal secured the first conditional cryptocurrency […]

Former Bank of Japan exec says Japan will need years to issue digital yen

November 17, 2020

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A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits. 5174 Total views 36 Total shares Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a […]

‘Banks will have to adjust’ to crypto, says Bank of England leader

November 13, 2020

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Jon Cunliffe, one of the leaders of England’s central bank, said banks must adapt to the changes brought on by digital assets. 2426 Total views 27 Total shares Blockchain and digital assets offer folks the ability to store their own assets, possibly threatening the solution banks offer. Making sure banks remain relevant is not on […]

Deutsche Bank: Central bank digital currency will replace cash in long term

November 12, 2020

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Deutsche Bank has called on Europe to accelerate the development of central bank digital currencies. 5202 Total views 81 Total shares Deutsche Bank, the largest banking institution in Germany, is confident that central bank digital currencies, or CBDCs, will replace cash in the future. The bank’s research arm, Deutsche Bank Research, published a new report […]

CBDC revolution is coming in three years, says Bitcoin naysayer Roubini

November 9, 2020

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The word “cryptocurrency” is a misnomer because it isn’t a currency, according to Roubini. 4947 Total views 44 Total shares Nouriel Roubini, an award-winning economist and known skeptic of Bitcoin (BTC), is confident that central bank digital currencies, or CBDCs, are the future of money. According to Roubini, global CBDCs like the digital yuan are capable […]

China’s digital yuan is ‘a long way’ from beating USD says financial firm exec

November 3, 2020

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Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon. 2984 Total views 24 Total shares David Roche, president and global strategist at Independent Strategy, believes that China’s digital yuan has “a long way” before it will become able to challenge the U.S. dollar as a […]

China’s digital yuan pilots have processed $300M so far, says PBoC head

November 2, 2020

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China’s digital yuan pilot program is picking up speed. 4455 Total views 56 Total shares The governor of China’s central bank has given more details about the country’s ongoing digital currency pilot. Yi Gang, governor of the People’s Bank of China, said that the digital yuan pilots have processed over four million transactions to date, […]

Toyota’s IT arm works on digital token pilot with crypto exchange

October 26, 2020

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Another automotive company is moving into crypto. 4770 Total views 60 Total shares Toyota Systems, the IT arm of Toyota Motor Corporation, is collaborating with Japanese cryptocurrency exchange DeCurret to develop a branded Toyota digital currency, according to an official announcement on Oct. 26. The large-scale pilot will involve 2,500 employees at Toyota Systems. The […]

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Category: Digital Currency