It was a good week for wearables and their future, as the devices continued to show indications of strong promise on the B2C and B2B fronts. A sizzle in its own right – and also possibly a sizzle within a sizzle for payments and commerce players who may stand to see their boats lifted by wearables’ rising […]
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Halloween, the annual celebration of the spooky and supernatural, is just a couple of days away. For many in payments and the vast ecosystem that it powers, the scariest thing about Oct. 31 might not be the sight of a kid in a full-on Frankenstein costume at the door on Halloween night asking for candy. […]
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Japanese IT firm Fujitsu will develop the basis of a trial settlements system using an unknown digital currency to move funds. Japanese multinational IT equipment and services company Fujitsu will build an interbank settlement platform using blockchain technology as part of a joint project with nine domestic banks, Cointelegraph Japan reported Monday, Oct. 29. Aiming […]
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Hitachi Payments has partnered with the State Bank of India to establish a nationwide digital payments platform. Hitachi Payments has partnered with the State Bank of India (SBI) to establish a nationwide digital payments platform, according to a press release published by Hitachi Oct. 29. Under the aegis of the government’s “Digital India” campaign, Hitachi […]
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SP Group, a major company providing electricity and gas in Singapore, has opened a blockchain-powered marketplace for renewable energy certificates trade. SP Group, a major corporation providing electricity and gas transmission in Singapore, has launched a blockchain-powered renewable energy certificate (REC) marketplace, the company reveals in a press release Monday, Oct. 29. The platform was […]
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In the first of a three-part series, CT looks back at Chinese authorities’ attempts to make the People’s Republic impregnable to the crypto phenomenon, and the industry response. Take a quick look at CnLedger, a Twitter-based Chinese crypto news information source, and a tweet pinned at the top of its profile might come as something […]
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The CEO of Visa said that cryptocurrency does not pose a threat to the company’s “hegemony” since it is “more a commodity” than a means of payment. CEO of global payment giant Visa Al Kelly stated that cryptocurrency does not pose a challenge to the company’s dominance in the payment sphere in the “short to […]
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Payment processing giant Mastercard wants to patent a new method of simultaneous crypto and fiat storage. U.S. multinational financial services corporation Mastercard wants to apply principles of fractional reserve banking to cryptocurrency, a new patent application published Thursday, Oct. 25 reveals. According to the document, published by the U.S. Patent & Trademark Office (USPTO), the […]
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The head of Indian IT trade organization NASSCOM reportedly stated that cryptocurrency is “illegal” in the country, after two men installing a Bitcoin ATM were arrested The head of an Indian nonprofit trade organization said cryptocurrency is “illegal,” and urged businesses to obey the law, local news daily the Hindu reported Thursday, Oct. 25. Debjani […]
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The Reserve Bank of Australia assistant governor Michelle Bullock said that the bank has not yet been convinced of the need to create a digital Australian dollar. The Reserve Bank of Australia (RBA) assistant governor Michelle Bullock said that the bank has not been convinced of the need to create a digital Australian dollar, local […]
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