Central Banks Prioritize Legacy Payment Systems Over CBDCs
TradFi appears to be safe on the international payments market for the foreseeable future, despite advances in blockchain solutions. In its annual Future of Payments survey, the Official Monetary and Financial Institutions Forum (OMFIF) has revealed a notable decline in enthusiasm among central bankers for central bank digital currencies (CBDCs) despite increasing research efforts in […]
Chainlink Co-founder Introduces TradFi Blockchain Payments
Chainlink and Swift will launch a new blockchain integration, making digital asset settlement easier for financial institutions utilizing existing infrastructure. Decentralized Oracle provider Chainlink is set to launch a new blockchain payment solution tailored for financial institutions. In partnership with Swift, the global messaging network for banks and financial institutions, Chainlink has introduced an integration […]
UAE Stablecoin Issuer Gets Approval from Central Bank
AED Stablecoin leads the race to produce the UAE’s first regulated dirham-pegged token as Tether awaits. The Central Bank of the United Arab Emirates (CBUAE) has granted preliminary approval to AED Stablecoin under its Payment Token Service Regulation framework, according to a press release from the company. This in-principle license positions AED Stablecoin as a […]
FTX Approved to Repay Customers Fully by Bankruptcy Judge
A Delaware judge accepted FTX’s bankruptcy plan, which calls for paying consumers back with interest and cash, despite a demand for in-kind payments. The U.S. District of Delaware Bankruptcy Court’s Judge John Dorsey decided to support FTX’s repayment, which could disburse assets valued up to $16 billion. Ninety-eight percent of creditors had their requests for […]
Mastercard New Partnership Supports Self-Custodial Crypto Wallets
Mastercard collaborates with Mercuryo to develop a euro-denominated crypto debit card, allowing customers to spend crypto from self-custodial wallets at over 100 million merchants. Global payment giant Mastercard is broadening its support for non-custodial cryptocurrency wallets through a new collaboration to allow users to spend crypto while “being their own bank.” After launching a crypto […]