Category: Dollar

Citi and IADB complete cross-border payment pilot with blockchain tech

Citi and IADB complete cross-border payment pilot with blockchain tech

IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network. 2468 Total views 25 Total shares Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB […]

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Report urges US government to focus on blockchain, crypto and a ‘digital dollar’

Report urges US government to focus on blockchain, crypto and a ‘digital dollar’

As the COVID-19 pandemic unfolds, the Biden–Harris administration has begun implementing new strategies to restore the U.S. economy. While notable, implementing emerging technologies, while ensuring data privacy, should also be a top priority for the White House administration to consider. Don Tapscott, executive chairman of the Blockchain Research Institute — a think tank aimed at advancing blockchain […]

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US Fed: CBDC a ‘very high priority’ to combat bad private sector money

US Fed: CBDC a ‘very high priority’ to combat bad private sector money

The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell. 7893 Total views 49 Total shares Cryptocurrency stablecoins could become systemically important overnight, says United States Federal Reserve Chairman Jerome Powell, and that’s why the Fed is determined to get […]

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