CBDC

Tachyum Presents Paper on Prodigy Processors in Blockchain for Banking and FinTech

Retrieved on: 
Tuesday, July 18, 2023
Technology, Finance, Semiconductor, Fintech, Banking, Professional Services, Blockchain, Hardware, Cryptocurrency, Internet, Central bank, Power, Electricity, CBDC, Digital currency, PwC, CAPEX, CPU, HPC, Prodigy, OPEX, AI, TCO, Fraud, Credit union, Economics, GPU

Tachyum ® today released a paper “Credit Unions, Blockchain, CBDC, FinTech and Tachyum Prodigy®” explaining how Prodigy, the world’s first Universal Processor, can transform transactional banking while minimizing the monetary and environmental costs of blockchain’s electrical energy requirements.

Key Points: 
  • Tachyum ® today released a paper “Credit Unions, Blockchain, CBDC, FinTech and Tachyum Prodigy®” explaining how Prodigy, the world’s first Universal Processor, can transform transactional banking while minimizing the monetary and environmental costs of blockchain’s electrical energy requirements.
  • With Blockchain, transactions are transmitted directly from payer to payee (person to person) without an intermediary.
  • According to PricewaterhouseCoopers, 77 percent of FinTech businesses are either currently using blockchain or transitioning to blockchain-based products and services.
  • Prodigy offers a compute fabric to proliferate blockchain with optional [Central Bank] Digital Currency (CBDC) banking.

Patex's $100 Million Valuation Surged as Acura Capital Purchased 10% Share

Retrieved on: 
Thursday, July 13, 2023
Social responsibility, Partnership, Central bank, Central bank digital currency, CISO, CBDC, CMO, Digital, Community business development corporation, Ecosystem, SAO, Social media, Cryptocurrency, LATAM

The company is making a $10 million deal with Patex, acquiring a 10% stake and driving Patex's valuation to an impressive $100 million.

Key Points: 
  • The company is making a $10 million deal with Patex, acquiring a 10% stake and driving Patex's valuation to an impressive $100 million.
  • The huge partnership with Acura Capital underscores two important aspects.
  • Acura Capital, renowned for its focus on private equity and structured credit, brings its vast network of professionals spanning various sectors and asset classes to complement Patex's ambitious goals.
  • Supported by Acura Capital's backing and the expertise of its exceptional team, Patex aspires to revolutionize Latin America's financial landscape.

SmartCard Marketing Systems Inc. (OTCQB:SMKG) Banking "BaaS", Cross-Border Payments and Paytech "PPaaS" - Platforms as a Service Industries Heating Up

Retrieved on: 
Monday, July 10, 2023
Fintech, Blockchain, CBDC, MDR, Acquisition, FX, CRM, OTC, Heat, AI, News, Automation, Cryptocurrency

NEW YORK, NY, July 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - SmartCard Marketing Systems Inc (OTC: SMKG), a boutique fintech and paytech company offering a robust suite of platforms as a service firm, has announced that the industry is turning around after facing challenges and heating up in banking, payments tech and cross-border payments.

Key Points: 
  • NEW YORK, NY, July 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - SmartCard Marketing Systems Inc (OTC: SMKG), a boutique fintech and paytech company offering a robust suite of platforms as a service firm, has announced that the industry is turning around after facing challenges and heating up in banking, payments tech and cross-border payments.
  • The key to all this will be interoperability and scalability.
  • Massimo Barone, Founder and CEO SmartCard Marketing Systems Inc. stated, “We are seeing a great trend resurging in the banking and payment industries combined that want digital innovation for a new experience in automation.
  • The tailwinds and recent news indicate that core service and paytech platforms are key with major players that are taking notice.

Juniper Research: Stablecoin Use to Surge, as Transaction Values to Grow 250% Globally by 2028

Retrieved on: 
Tuesday, July 4, 2023
Technology, Electronic Commerce, Transfer, Central bank, Central bank digital currency, Growth, Center for Urban and Regional Analysis, Research, CBDC, Money transmitter, Digital, Cryptocurrency, Community business development corporation

Stablecoins are cryptocurrencies that have their value pegged to a fiat currency or commodity, removing the volatility inherent to a typical cryptocurrency.

Key Points: 
  • Stablecoins are cryptocurrencies that have their value pegged to a fiat currency or commodity, removing the volatility inherent to a typical cryptocurrency.
  • Find out more about the new report, CBDCs & Stablecoins: Key Opportunities, Regional Analysis & Market Forecasts 2023-2030 , or download a free sample .
  • By 2028, the value of cross-border stablecoin payments will represent almost 73% of total stablecoin payments transaction values globally; showing the dominance of cross-border use cases.
  • Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and commentary.

Global Payment Innovation Trends 2023: In-Car and Voice-Based Payments Set to Reshape Industry Conventions

Retrieved on: 
Friday, June 30, 2023
SEPA, Original equipment manufacturer, BNPL, CBDC, Visa, COVID-19, Mercedes, Growth, Cryptocurrency, Online shopping, EU

DUBLIN, June 30, 2023 /PRNewswire/ -- The "Global Payment Innovation Trends 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, June 30, 2023 /PRNewswire/ -- The "Global Payment Innovation Trends 2023" report has been added to ResearchAndMarkets.com's offering.
  • Innovative payment trends such as virtual cards, embedded finance, as well as biometric payments are forecasted to surge in the next few years.
  • The growth of instant payments has also accelerated due to the shift toward digital payment methods.
  • Stakeholders within the payment industry and OEMs are collaborating to expand the scope of in-car payments, including partnerships such as Visa and Mercedes.

Sun FinTech & SunCash Partners with LISNR to Enable CBDC Payments Within its Digital Wallet

Retrieved on: 
Thursday, June 29, 2023
QR code, Partnership, Sand, Central bank, Central Bank of Myanmar, Radius, Sun, Cyclone, Fintech, Facial recognition, CBDC, Securities commission, Digital currency, Visa, NFC, GDP, Securities Commission Malaysia, Mastercard, Ecosystem, Transport, Central bank digital currency, Environment, Cryptocurrency, Online shopping

CINCINNATI, Ohio, June 29, 2023 /PRNewswire-PRWeb/ -- SunCash, the largest mobile & digital payments company licensed and regulated by the Central Bank of the Bahamas and the Securities Commission, has inked a partnership with LISNR, the global leader in proximity verification, to enable ultrasonic authentication for online, offline, and Central Bank Digital Currency (CBDC) transactions.

Key Points: 
  • SunCash is also the first mobile wallet to set up and process a CBDC in the world.
  • As innovators, Suncash continues to lead the way by driving large CBDC adoption, after onboarding the world's first business and customer that processed a CBDC transaction.
  • The Bahamas and SunCash will continue to promote financial inclusion through pioneering the way with CBDC for the rest of the world to benefit.
  • SunCash is also the first to roll out a digital wallet enabling consumers to make payments using facial recognition through CBDC.

Astra Protocol Pioneers CBDC Development in Emerging Markets: Fostering a New Era of Financial Inclusion

Retrieved on: 
Tuesday, June 27, 2023
Private sector, Astra, Web3, Protocol, Central bank, Central bank digital currency, Cryptocurrency, CBDC, Digital, Community business development corporation, AML, AI, KYC

Astra Protocol is leading the charge in the development of Central Bank Digital Currencies (CBDCs) in emerging markets, revolutionizing the way these economies interact with the financial world.

Key Points: 
  • Astra Protocol is leading the charge in the development of Central Bank Digital Currencies (CBDCs) in emerging markets, revolutionizing the way these economies interact with the financial world.
  • Astra Protocol's bold initiative to build CBDCs in these markets is poised to democratize financial services and facilitate economic growth, marking a significant leap forward in financial inclusivity.
  • In this light, the Astra Protocol's venture into the development of CBDCs in emerging markets signifies a crucial step in global financial inclusion.
  • With Astra Protocol's continued efforts in these exciting advancements, the era of widespread financial inclusion through digital currencies is indeed on the horizon.

Astra Protocol Pioneers CBDC Development in Emerging Markets: Fostering a New Era of Financial Inclusion

Retrieved on: 
Tuesday, June 27, 2023
Private sector, Astra, Web3, Protocol, Central bank, Central bank digital currency, Cryptocurrency, CBDC, Multimedia, Digital, Community business development corporation, AML, AI, KYC

Astra Protocol is leading the charge in the development of Central Bank Digital Currencies (CBDCs) in emerging markets, revolutionizing the way these economies interact with the financial world.

Key Points: 
  • Astra Protocol is leading the charge in the development of Central Bank Digital Currencies (CBDCs) in emerging markets, revolutionizing the way these economies interact with the financial world.
  • CBDCs, digital forms of cash, bring convenience, security, and cost-effectiveness to financial systems often burdened by inefficiencies and exclusivity.
  • In this light, the Astra Protocol's venture into the development of CBDCs in emerging markets signifies a crucial step in global financial inclusion.
  • With Astra Protocol's continued efforts in these exciting advancements, the era of widespread financial inclusion through digital currencies is indeed on the horizon.

The Digital Dollar Project Publishes a Risk Framework for Consideration of a U.S. CBDC

Retrieved on: 
Tuesday, June 27, 2023
Spend, Private sector, Risk, Reg E. Cathey, Policy, Denial-of-service attack, CBDC, Government, The Great Misdirect, Public sector, Tumbler, Comment, Third-party management, Paper, Digital, Wallet, DDP, Cryptocurrency, Community business development corporation

WASHINGTON, June 27, 2023 /PRNewswire/ -- The Digital Dollar Project (DDP) today released the first in a series of risk- and privacy- focused working papers, "Secure Adoption of a Digital Dollar – Operational and Compliance Risks for the U.S. Banking Sector." This working paper offers a draft unified risk framework outlining possible impacts on the private sector, specific to federal and state-chartered banks, in consideration of a potential U.S. central bank digital currency (CBDC). The working paper is meant to be a catalyst for broad public discussion and can be accessed here.

Key Points: 
  • WASHINGTON, June 27, 2023 /PRNewswire/ -- The Digital Dollar Project (DDP) today released the first in a series of risk- and privacy- focused working papers, "Secure Adoption of a Digital Dollar – Operational and Compliance Risks for the U.S. Banking Sector."
  • This working paper offers a draft unified risk framework outlining possible impacts on the private sector, specific to federal and state-chartered banks, in consideration of a potential U.S. central bank digital currency (CBDC).
  • Newly released "Secure Adoption of a Digital Dollar – Operational and Compliance Risks for the U.S. Banking Sector."
  • Perhaps most importantly, our goal is to invite broad public discussion on these complex but critical issues," said Digital Dollar Project Risk Working Group Member Jonah Crane.

UST Delivers API Prototypes for Retail Central Bank Digital Currency (CBDC) experimentation for the Bank of International Settlement and Bank of England

Retrieved on: 
Tuesday, June 27, 2023
Bank for International Settlements, Blockchain, Bank, Partnership, BIS, Rosalind, API, Innovation, CBDC, Privacy, Digital currency, Bank of England, Quant, Running, Engineering, Architecture, BOE, Ecosystem, London Centre, UST, Cryptocurrency

LONDON and ALISO VIEJO, Calif., June 27, 2023 /PRNewswire/ -- UST, a leading digital transformation solutions company, has announced its role as an Innovation vendor for Project Rosalind, an experiment in application programming interface (API) prototypes for central bank digital currencies (CBDC) from the Bank for International Settlements (BIS) and the Bank of England (BOE) via the BIS Innovation Hub London Centre. Uniting leading innovators from their respective industries, Project Rosalind developed and tested prototypes for an application programming interface (API) specifically built to distribute retail CBDCs.

Key Points: 
  • Uniting leading innovators from their respective industries, Project Rosalind developed and tested prototypes for an application programming interface (API) specifically built to distribute retail CBDCs.
  • UST collaborated with the BIS and BoE on the development of the API layer as well as the exploration of a range of use cases for the CBDC ecosystem.
  • A prototype API layer was developed for the project, featuring thirty-three API endpoints grouped into six functional categories.
  • UST played a pivotal role organizing the API development work, running innovation sessions as well as building a secure and functional API layer.