Digital Currency News

Digital currency is a type of currency that has no physical form and only exists in digital form. Digital currencies include virtual money and cryptocurrency. This digital money may be used as traditional money to buy and sell goods, but with the allowance of instant transactions and borderless transfer-of-ownership. Digital money can be restricted to a certain community or be fully free for anyone to use. Digital money can also be decentralized or have a central authority over an emission process, can be backed by other currency or liquid asset, or work without any backing. Investing in digital currency has become very popular after the explosion of cryptocurrencies due to their volatility, which makes them a great speculation tool. Although digital currencies are useful and progressive, they are not yet widespread and most banks do not accept them.

News
Digital currency solutions that directly face consumers will not be taken seriously by central banks, according to a Visa executive.
Central Banks Uninterested in Digital Currency for Consumers, Says Visa Exec
Adrian Zmudzinski
2020-05-18T12:24:00+01:00
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European Central Bank executive board member Yves Mersch believes that the main impediment for CBDC is philosophical rather than technological.
Main Barrier to CBDC Is Philosophy Not Tech, Says European Central Bank Rep
Helen Partz
2020-05-11T19:49:00+01:00
10292
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No central bank is currently working on a CBDC that can be used by consumers, according to blockchain firm R3.
No Global Central Bank Is Working on Retail Digital Currency Use, Says R3
Adrian Zmudzinski
2020-05-01T19:42:00+01:00
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British payment startup Checkout.com has joined the Libra Association, becoming the 24th member committed to building a better global payment network.
British Payment Firm Checkout.​com Joins the Libra Association
Helen Partz
2020-04-28T20:19:00+01:00
3667
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Hong Kong-based AI startup SenseTime partnered with PBoC’s digital currency research unit to continue the development of the digital yuan.
Alibaba-Backed AI Startup SenseTime to Help China Handle Digital Yuan
Helen Partz
2020-04-28T13:19:00+01:00
13766
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A survey found twice as many people use central bank digital currencies than decentralized cryptocurrencies.
Survey: Consumers Trust CBDCs Over Privately-Issued Crypto Assets
Samuel Haig
2020-04-20T02:00:00+01:00
5314
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Economist and academic John Vaz believes that Facebook’s Libra stablecoin is still shaping up to be Bitcoin’s strongest competition.
Libra Stablecoin Is Still a Major Threat to Bitcoin: Economist
Samuel Haig
2020-04-15T06:49:00+01:00
11032
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The ongoing coronavirus pandemic accelerates central bank digital currency developments, according to Deutsche Bank macro strategist Marion Laboure.
Coronavirus Encourages CBDC Developments: Deutsche Bank Strategist
Adrian Zmudzinski
2020-04-06T15:29:00+01:00
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