digital banking

Paribus. The Fragility of Finance.

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Time Stamp: March 25, 2023 7:29 AM - Modified On: March 25, 2023 - Published By:
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Despite a lot of turbulence in the markets this week the Federal Open Market Committee (FOMC) did exactly what was predicted. Jerome Powell carefully adjusted his language and reframed the narrative around his 25 basis point rate hike to try and calm the markets he had helped to damage. His forward guidance was only to expect further rate increases if inflation spirals out of control. He avoided taking any responsibility for the recent bank failures, claiming instead that the sector was stable and robust. In reality, the global financial system

Italian Payments Giant Nexi Involved in Digital Euro Project

Source Node: https://news.bitcoin.com/italian-payments-giant-nexi-involved-in-digital-euro-project/
Time Stamp: September 24, 2021 2:00 AM - Modified On: September 24, 2021 - Published By:
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Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central bank digital currencies (CBDC) and cryptocurrencies during the Money 20/20 fintech conference in Amsterdam. Nexi Advising ECB on Digital Euro Issues Nexi, one of the biggest payments companies in Europe, is working in tandem with the European Central Bank toward the creation of a digital euro, according to statements

BIS partners with Australia, Malaysia, Singapore, South Africa for CBDC trials

Source Node: https://ambcrypto.com/bis-partners-with-australia-malaysia-singapore-south-africa-for-cbdc-trials/
Time Stamp: September 2, 2021 8:30 AM - Modified On: September 2, 2021 - Published By:
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The Bank for International Settlements (BIS), spearheaded by Singapore, will test the use of central bank digital currencies (CBDCs) for efficient global payments. Via a recent press release, the BIS announced that it is joining forces with the central banks of Australia, Malaysia, Singapore, and South Africa to examine a direct, shared platform for international payments. The experiment, under Project Dunbar, aims to reduce costs and increase the speed between cross-border payments by institutions. According to Andrew McCormack, Head of the BIS Innovation Hub Centre in Singapore, “Project Dunbar brings

Revolut Offers Cryptocurrency Service to its 7 Million Users Amid COVID-19 Crisis

Source Node: https://coinfomania.com/revolut-to-provide-crypto-support-for-its-7-million-users-to/?utm_source=rss&utm_medium=rss&utm_campaign=revolut-to-provide-crypto-support-for-its-7-million-users-to
Time Stamp: April 9, 2020 7:23 AM - Modified On: May 21, 2021 - Published By:
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The outbreak of the Coronavirus pandemic has affected the economic growth of many countries around the world.  Most financial institutions are forced to proffer different initiatives to mitigate the harsh effect of the virus on the global financial market. Central banks continue to print more banknotes to stimulate the economy in the fight against the outbreak. However, many reports have revealed that banknotes are potentially not safe during this time as they could help transmit the virus from one person to another. There is also the fear that excess money

Revolut Reacts To Corona Crisis, Pushes out New Crypto Support

Source Node: https://insidebitcoins.com/news/revolut-reacts-to-corona-crisis-pushes-out-new-crypto-support/256350
Time Stamp: April 3, 2020 6:46 AM - Modified On: May 21, 2021 - Published By:
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Revolut, a digital banking app, has recently rolled out its cryptocurrency services to all of its standard users. This comes alongside a statement from the app itself that it widened its access earlier due to the current global economic crisis.This Is No April Fools’On the first of April, 2020, the UK-based fintech service provider made the announcement that it will allow for cryptocurrency accounts and trading to all of its standard users, with a 1.5% flat fee per trade. Before this announcement, these services were reserved only to its Premium