While there are potential benefits to the tokenization of money, there are also costs and risks that need to be considered, the Bank for International Settlements (BIS) said Monday (Oct. 21). These risks may materialize in ways different from those faced by conventional market infrastructures,...
For nearly its entire history, cryptocurrency has been searching for a sustainable product-market fit. From payments to speculative investments to supply chain management, the blockchain landscape’s past has been littered with attempts but little long-standing impact. Now, crypto is circling back to try its hand...
Digital payments firm SKUx has wrapped up the first phase of a blockchain-focused partnership with Mondelēz. SKUx is working with the consumer packaged goods giant on a payments innovation project in conjunction with Hedera, an open source enterprise distributed ledger technology (DLT) network, the companies said in a news...
Stellar Development Foundation is integrating Mastercard’s Crypto Credential solution into its blockchain network. The credential, which helps verify interactions among consumers and businesses using blockchain networks, will be added to the Stellar ecosystem as the exclusive credentialing solution “to enable a range of secure, compliant...
Cryptocurrency and Web3 technologies are supposed to represent the future of finance, offering a decentralized and borderless world where money, data and assets flow freely. Despite progress and setbacks, however, the advance guard of a hypothetical future-fit financial sector is fighting the same historical battles...
In 2022, the de-pegging of the TerraUSD (UST) stablecoin led to a cryptocurrency sector collapse, ultimately exposing fraud at FTX and elsewhere. Much has changed since then, particularly as it relates to the view traditional players in finance and payments hold around stablecoins. Observers within...
Blockchain is growing into a global innovation that transcends its initial association with crypto. The auction house Christie’s, for example, recently announced that an upcoming collection of fine art photography will include blockchain-based certificates of ownership for digital provenance purposes. And from banking to payments...
Robinhood Markets and Revolut were reportedly noncommittal when asked about a media report that they are considering launching stablecoins. When asked about the report by Bloomberg, a Robinhood spokesperson said the company has “no imminent plans to launch this offering,” while a Revolut spokesperson said...
Worldpay is reportedly in talks with blockchains about becoming a validator and verifying blockchain transactions. The payments provider aims to do so to better understand how digital ledgers operate and to be involved with blockchain infrastructure, Bloomberg reported Thursday (Sept. 26), citing its interview with Sanchit Mall,...
