Numismatics | Jotup

Digital Cash implements CBDC swimmingly easy

Retrieved on:

Tuesday, March 2, 2021

Articles, Economy, Money, Monetary reform, Central Bank Digital Currency, Currency, Numismatics, CBDC, Central bank, Digital currency, Banknote, Cash

Today Crunchfish announces that its Digital Cash solutions can solve Central Bank Digital Currency, CBDC implementation issues swimmingly easy, without any additional infrastructure.

Key Points:

Today Crunchfish announces that its Digital Cash solutions can solve Central Bank Digital Currency, CBDC implementation issues swimmingly easy, without any additional infrastructure.
Crunchfish's Digital Cash makes it swimmingly easy to implement CBDC, as there is no need for additional infrastructure.
Central Banks in numerous countries are experimenting with Digital Currency using `tokenized value instruments' that represent physical banknotes in digital form.
In addition, Digital Cash is also payment services interoperable , cross-borders and cross-schemes, which is key to accelerate CBDC roll-outs and its market acceptance.

EMTECH Announces Strategic Partnership With WiPay Caribbean to Advance the Caribbean Regional Settlement Network and Develop “WiCoin,” a Digital Central Bank Currency For the Caribbean, By the Caribbean, and From the Caribbean

Retrieved on:

Thursday, February 25, 2021

Professional services, Data management, Technology, Finance, Software, Banking, Economy, Money, Finance, Central Bank Digital Currency, Currency, Monetary reform, Numismatics, CBDC, Credit cards, Central bank, MasterCard, WiPay

EMTECH, with headquarters in New York City, today announced a partnership with WiPay Caribbean, the largest online payments network in the Caribbean, to develop a pilot Central Bank Digital Currency (CBDC), WiCoin, that will integrate with WiPay's regional network for distribution by participating Caribbean Central Banks.

Key Points:

EMTECH, with headquarters in New York City, today announced a partnership with WiPay Caribbean, the largest online payments network in the Caribbean, to develop a pilot Central Bank Digital Currency (CBDC), WiCoin, that will integrate with WiPay's regional network for distribution by participating Caribbean Central Banks.
The Caribbean region leads in the deployment of Central Bank Digital Currency (CBDC), with the Bahamas launching the worlds first Central Bank-issued currency the Sand Dollar in 2020.
The Eastern Caribbean Central Bank is conducting a pilot for its own CBDC for its eight member states.
WiPay in October 2020 announced a regional partnership with MasterCard, which recently stated its intentions to enable digital currency distribution through its network.

Versabank to Launch VCAD, World's First Bank-issued, Deposit-based Digital Currency

Retrieved on:

Wednesday, February 24, 2021

Economy, Finance, Foreign exchange market, Monetary reform, Numismatics, Currency, Digital currency, Euro, UBS, Fiat money, Hong Kong dollar, United States dollar

VCAD is expected to be the first digital currency to representa fiat currency, as well as the first in the world digital currency issued by and backed by deposits with a North American bank.

Key Points:

VCAD is expected to be the first digital currency to representa fiat currency, as well as the first in the world digital currency issued by and backed by deposits with a North American bank.
VCAD is based on VersaBank's proprietary banking software and the digital currency issuance processes for VCAD will be securely managed via VersaVault, VersaBank subsidiary, DRT Cyber Inc.'s ("DRT Cyber"), world leading digital bank vault designed to secure digital assets.
Mr. Taylor added, "VersaBank was the very first digital bank nearly 30 years ago and has continuously been a pioneer in digital banking in the decades since.
In addition to VCAD, under their partnership, VersaBank and Stablecorp plan to work together towards the development and launch of "VUS" and "VEuro", deposit-based, US dollar and Euro versions of the VersaBank digital currency.

Code Chain New Continent Limited Announces Purchasing of 10,000 Bitcoin Mining Machines

Retrieved on:

Tuesday, February 23, 2021

Currency symbols, Payment systems, Currency, Numismatics, Cryptocurrencies, Digital currencies, Bitcoin, Renminbi, Closing

The closing of the transaction is subject to the completion of final valuation and due diligence by the Company.

Key Points:

The closing of the transaction is subject to the completion of final valuation and due diligence by the Company.
Under the term of the Agreement, a total consideration of RMB 40 million to acquire 10,000 Innosilicon T2T mining machineswill be paid on the closing date.
Upon the completion, the purchased machines will be stored and managed by the Seller.
We believe the partnership with Chengdu RiZhanYunJisuan is a true win-win approach require combined effort and their commitment in achieving Bitcoin mining daily net profit of RMB 200,000.

Gran Colombia Announces Acquisition of Approximately 36% Equity Interest in Denarius Silver Corp.

Retrieved on:

Monday, February 22, 2021

Countries, Numismatics, Economy of Toronto, Andean Community, COLOMBIA, Republics, Denarius, Toronto Stock Exchange

Following the completion of the Reverse Takeover Transaction, Gran Colombia has acquired a total of 33,666,666 common shares of Denarius.

Key Points:

Following the completion of the Reverse Takeover Transaction, Gran Colombia has acquired a total of 33,666,666 common shares of Denarius.
The common shares acquired by Gran Colombia represent approximately 36.15% of the issued and outstanding common shares of Denarius.
The common shares of Denarius acquired by Gran Colombia are presently being held only for investment purposes.
Gran Colombias project pipeline also includes an approximately 18% equity interest in Gold X Mining Corp. (TSXV: GLDX) (Guyana Toroparu), an approximately 36% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Colombia Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (Western Atlas) (TSX-V: WA) (Nunavut Meadowbank).

Mastercard and Island Pay Launch World’s First Central Bank Digital Currency-Linked Card

Retrieved on:

Wednesday, February 17, 2021

Finance, Security, Banking, Professional services, Technology, Money, Finance, Economy, Credit cards, Central Bank Digital Currency, Currency, Monetary reform, Numismatics, MasterCard, Central Bank of The Bahamas, Bahamian dollar, The Bahamas, Mastercard (NYSE:MA), Island Pay

Under a new program from Mastercard and Island Pay , the Bahamas Sand Dollar prepaid card gives people the option to instantly convert the digital currency to traditional Bahamian dollars and pay for goods and services anywhere Mastercard is accepted on the Islands and around the world.

Key Points:

Under a new program from Mastercard and Island Pay , the Bahamas Sand Dollar prepaid card gives people the option to instantly convert the digital currency to traditional Bahamian dollars and pay for goods and services anywhere Mastercard is accepted on the Islands and around the world.
The digital Sand Dollar is issued by the Central Bank of The Bahamas and carries the same value and consumer protections as a traditional Bahamian dollar.
Cash money movement becomes costly, which makes a central bank digital currency (CBDC) a preferred digital payment in the region.
Richard Douglas, co-founder of Island Pay, said: By working closely with the Central Bank of The Bahamas and Mastercard, we are able to issue a prepaid card unlike any other in the world.

ACH Network Volume Climbs 8.9% in Fourth Quarter

Retrieved on:

Thursday, January 21, 2021

Financial services, Money, Economy, Banking, Cheque, Numismatics, ACH, Federal Reserve System, ACH Network

Business-to-business (B2B) payments by ACH for vendor and supply chain payments rose almost 15% from the fourth quarter of 2019 to 1.2 billion.

Key Points:

Business-to-business (B2B) payments by ACH for vendor and supply chain payments rose almost 15% from the fourth quarter of 2019 to 1.2 billion.
At the same time, the volume of ACH payments initiated by a check (i.e., check conversions) declined by more than 23% in the fourth quarter compared to a year ago.
(Source: https://www.federalreserve.gov/paymentsystems/check_commcheckcolqtr.htm )
Same Day ACH had 96.7 million payments moving $139.2 billion in the fourth quarter.
These represent growth rates of 35.7% and 101.2%, respectively, compared to the fourth quarter of 2019, the last full quarter before the increase in the Same Day ACH dollar limit.

Silver Dollar Closes Non-Brokered Private Placement Financing

Retrieved on:

Tuesday, December 29, 2020

Currency, Foreign exchange market, Economy, Dollar, Numismatics, Hong Kong dollar, United States dollar, Shareholder, Silver dollar

Vancouver, British Columbia--(Newsfile Corp. - December 29, 2020) - Silver Dollar Resources Inc. (CSE: SLV) ("Silver Dollar" or the "Company") has completed a non-brokered private placement of 400,000 common shares at a price of $1.40 per share to raise $560,000 in gross proceeds (the "Offering").

Key Points:

Vancouver, British Columbia--(Newsfile Corp. - December 29, 2020) - Silver Dollar Resources Inc. (CSE: SLV) ("Silver Dollar" or the "Company") has completed a non-brokered private placement of 400,000 common shares at a price of $1.40 per share to raise $560,000 in gross proceeds (the "Offering").
This investment results in First Majestic holding approximately 16.3 percent of Silver Dollar's issued and outstanding common shares.
Silver Dollar relied on subsections 5.5(b) and 5.7(1)(a) of Multilateral Instrument 61-101 to exempt the offering from the requirements for a formal valuation and minority shareholder approval.
About Silver Dollar Resources Inc.
Silver Dollar Resources Inc. is a mineral exploration company focused on creating shareholder value by finding and developing economic precious and base metal deposits.

Denver Selects CityBase for Unified Payments Across the City-County

Retrieved on:

Thursday, December 3, 2020

CityBase is a business unit of GTY Technology Holdings Inc. (Nasdaq: GTYH) (GTY), a leading provider of SaaS/Cloud solutions for the public sector.

Key Points:

CityBase is a business unit of GTY Technology Holdings Inc. (Nasdaq: GTYH) (GTY), a leading provider of SaaS/Cloud solutions for the public sector.
Denver selected CityBase as its payment partner to modernize and unify point of sale cashiering and online payments for its more than 716,000 residents.
By enabling streamlined processing for payments across departments, the payments solution will make it easier for customers and cashiers to ring up multiple payments in a virtual shopping cart and check out with a single transaction.
More than 100 government agencies, utilities, cities, and counties use CityBase technology to provide hassle-free payments and digital services to their customers and staff.

Nacha Publishes 'The Story of Payments,' a Look at the Ever-Changing World of Payments from Barter to Smartphones

Retrieved on:

Wednesday, December 2, 2020

Financial services, Economy, Money, Banking, Cheque, Numismatics, NACHA, Payment, Payment systems

Over the centuries, the payments process has evolved to include currency, letters of credit, ACH, cards, checks and more.

Key Points:

Over the centuries, the payments process has evolved to include currency, letters of credit, ACH, cards, checks and more.
This fascinating history is covered in a new book published by Nacha, "The Story of Payments How the Industrialization of Trust Created the Modern Payments System."
"Technology and information are making payments smarter and faster," said Stephanie Prebish, AAP, CTP, Senior Director & Group Manager, Association Services at Nacha.
"Understanding how payments evolved can provide perspective and teach us to improve payments into the future."