As crypto enters the mainstream, major retailers are offering discounts and promotions to get customers to pay using cryptocurrency
Digital Currency News
For two decades, the digital currency paradigm was a largely fringe concept championed by cryptography advocates before the launch of the cryptocurrency Bitcoin (BTC) in 2008, which heralded a new technological and social phenomenon.
While the goal of cryptocurrencies is to provide a medium for global, peer-to-peer transaction settlement that preserves privacy and financial security, digital currencies more broadly encompass any digital form of money, including the more recent trend of central bank digital currencies, or CBDCs.
Currently in development in China and other countries, these digital currencies may leverage blockchain technology for secure payments but with added capital controls and surveillance practices in stark contrast with the ethos of cryptocurrencies.
The future of digital currencies is uncertain. Will CBDCs become the dominant form of digital cash adopted by the masses, or will people opt into a more open, secure, permissionless financial system in the form of Bitcoin and the crypto economy?
Ripple is looking to define its strategy regarding central bank digital currencies.21687
Regulatory compliance is crucial for firms hoping to drive mainstream crypto adoption no matter which part of the world they operate in.6516
A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits.6273
Jon Cunliffe, one of the leaders of England's central bank, said banks must adapt to the changes brought on by digital assets.13187
Deutsche Bank has called on Europe to accelerate the development of central bank digital currencies.12957
The word “cryptocurrency” is a misnomer because it isn’t a currency, according to Roubini.9951
Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon.9453
China’s digital yuan pilot program is picking up speed.6641
Fed Chairman Powell sees no urgency to develop a CBDC, but eventually, the world’s top central bank must act, say experts.31286
Another automotive company is moving into crypto.9320
Details regarding the digital yuan's characteristics are taking shape.6985
Russia’s digital ruble will not have the same level of anonymity as cash, says official.3503
Russia is purportedly taking a fast-second strategy for the digital ruble.7110
The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming.8756