The French central bank has announced the first successful test of a digital euro.
The euro is the official currency for the 19 European countries of the Eurozone, along with another nine countries. The euro is the main competitor of the dollar and it has a leading position of being the one of the major reserve currencies. European banks use euro to raise funds in order to secure their core business. This fact makes the euro a funding currency. In terms of cryptocurrency, the euro is used as frequently as the dollar for conversion into digital currency and vice versa, that can be seen for the most popular requests in the Internet such as Euro to Bitcoin, Satoshi in Euro and so on. Besides that, the euro and blockchain technologies are connected, as many investments into these technologies are made in euro by European investors.
Raiffeisen Bank International is extending collaboration with Polish-British fintech Billon for a new form of DLT-based national currency tokenization.4815
France is paving the way for a digital Euro, but how will its CBDC shape up, and what effect will it have on the cryptocurrency industry?3813
The newest financial tech can be backed by one of the most ancient and important precious metals. Is it a step forward or a step back?6816
New Monaco-based crypto-powered debit card supplier Bitsa lets users spend privacy-focused altcoin Monero on its prepaid cards.4962
Malta-based crypto exchange Tokenomica jumps on board the OTC trading ship, offering large traders another crypto harbor.2353
Major cryptocurrency exchange Binance has added support for Australian dollars and Thai baht.3250
Binance cryptocurrency exchange now allows users to buy crypto directly through Visa credit and debit cards that are linked to their exchange accounts.8948
The Digital Exchange of the Börse Stuttgart (BSDEX) Germany’s second-largest stock exchange is now open to all users with German residency.4022
New York financial watchdog approves three stablecoin offerings including BUSD, backed by Paxos and Binance. A sign of things to come?4685
European Union banks may have an instantaneous payments system in place by 2020.7030
European Central Bank president Mario Draghi said that cryptocurrencies are not real currencies.4973
Universal Protocol’s stablecoin Universal Euro will be pegged to the euro on a 1:1 basis and will allow holders to earn interest.4251
Popular stablecoin Tether resumed deposit and redemption of USDT to fiat, while affiliate firm Bitfinex added Tether-fiat trading pairs.5587
Abra now offers 28 digital currencies to all SEPA countries, allowing residents to transfer euros or other national currencies directly to the wallet.6084