je.st

Home › central bank

Tag: central bank

US central bank payment system down for 'hours'

2021-02-24 22:22:12| BBC News | Business | UK Edition

The crash came as the bank faces pressure to keep pace with changes fuelled by Bitcoin and other digital currencies.

Central Bank Digital Currency: The birth of a fintech arms race?

2020-10-13 02:00:00| Total Telecom industry news

We have heard it time and time again during the pandemic: digitalisation is accelerating. But while this change has been dramatic in a whole variety of industry sectors, in the financial sector the change could in fact be as profound as changing the form of currency itself: so-called Central Bank Digital Currency (CBDC). CBDC is a digital, electronic form of central bank money; effectively, a digital form of cash. There are maybe two starting points for this transformation. The first is the emergence of cryptocurrency. We have all heard of Bitcoin,perhaps the most well-known digital currency, but there are rafts of alternative cryptocurrencies available online…read more on TotalTele.com »

Tags: digital central bank race

Brazil's Central Bank suspends use of WhatsApp for payments

2020-06-24 15:40:00| Telecompaper Headlines

(Telecompaper) Brazil's Central Bank has ordered Visa and Mastercard to suspend support for payments over WhatsApp. The bank said in a statement that the new money transfer service launched on WhatsApp needed prior authorisation.

Tags: central bank payments suspends