Which Is Better: Cryptocurrency or Banks?
In order to transact just about any type of business in our economy, you need to interact with the banking system. For many, this is a relatively smooth experience, however there are times that it can be cumbersome and excluding.
Digital Currency: Will It Replace Paper Money?
Since President Biden signed Executive Order 14067 on March 9, 2022, there has been much debate about digital currency. This debate has revolved around the creation and issuance of a U.S. Central Bank Digital Currency (CBDC) and whether or not
Biden’s Crypto Executive Order
On Wednesday, President Joe Biden issued an executive order directing the federal government to begin developing policy for digital assets, including cryptocurrencies, that encourages innovation whilst reducing dangers to consumers, investors and the global financial system. The details of the executive
Jamaican Prime Minister Optimistic About Adoption of CBDC
The topic of central bank digital currencies (CBDCs) has sparked debate across different countries. While the majority are yet to make any significant strides on the issue, some countries are already steps ahead and pushing for adoption. Jamaica’s central bank completed
WeChat Announces Plans To Support Digital Yuan
China’s digital yuan is proving to be a major success as time goes by. The level of adoption for this digital currency currently sits at record highs and this is expected to spike after the recent announcement by WeChat. WeChat, the
Nigerian Court Gives Green Light To eNaira CBDC
The Federal High Court of Nigeria has given the go ahead for the rollout of a Central Bank Digital Currency (CBDC). The regulator now joins the list of other global regulatory bodies that are approving the use of CBDCs as
World Bank & IMF Back CBDC Development
The World Bank and the International Monetary Fund (IMF) have come together to discuss the benefits realized from adopting central bank digital currencies (CBDCs). The two financial institutions discussed CBDC adoption during the G20 summit. The joint report was also backed
Tanzania Shows Optimism About Adopting Cryptocurrency
The Tanzanian Central Bank has stated that it works closely with the country’s president, Samia Suluhu Hassan, towards adopting cryptocurrencies. According to reports, the president had issued a directive urging relevant stakeholders to prepare to accept cryptocurrencies. The recent show of
Indonesia Closer To Launching CBDC
The Central Bank of Indonesia is edging closer towards launching a digital fiat. This move comes amidst efforts by the country to minimize cash transactions. The Bank of Indonesia will be joining the other global central banks that have made an
Chinese Banks Prioritize Digital Yuan
Top Chinese banks are prioritizing the digital Yuan over local payment platforms such as WeChat Pay and Alipay. The banks are doing this ahead of the online shopping festival in China starting today. In an analysis report by Reuters, six of