June 23, 2017 7:01 am
China’s central bank has begun cautiously testing a digital currency
Speeches and research papers from officials at the People's Bank of China show that the bank’s strategy is to introduce the digital currency alongside China’s renminbi. But there is currently no timetable for this, and the bank seems to be proceeding cautiously....
June 5, 2017 7:20 am
Russian central bank testing digital currencies
Russia is getting more into digital currency with the central bank in the country launching tests of several digital currency schemes. According to a report in Reuters, the idea is to figure out which one would be the best for Russia, Olga...
May 30, 2017 8:23 am
Digital money for Digital India
On November 8, 2016, at 20:15, Prime Minister of India Narendra Modi addressed the nation through an unscheduled television speech. He declared that from November 9, 2016, the government of India would cease the usage of all 500- and 1000-rupee...
May 26, 2017 1:55 am
Here’s how blindingly fast bitcoin has been surging
Eight days. That’s how long it took the cryptocurrency bitcoin, back in April 2013, to rise from $100 for a single bitcoin to $200. Four hours—that’s about how long it took for it to rise from $2,600 to $2,700 on...
May 24, 2017 7:39 am
PH e-money transactions soar past php 1 trillion in 2016
If you are a regular user of mobile e-wallet apps such as PLDT’s Smart Money and Globe’s G-Cash to pay for goods and services, you’re part of the reason why the volume of electronic money transactions surged to Php1.1 trillion...
April 14, 2017 3:51 am
Digital money takes a big swipe at cash
MUMBAI: Digital payments grew 57% year-on- year in the last fiscal with mobile wallets more than doubling and card payments rising 44%, helped by a strong government push particularly after the demonetisation drive in November last year. Aadhaar-enabled payment systems...
April 7, 2017 3:42 am
There has been a lot of noise recently about electronic money, digital (or virtual) currencies and cryptocurrencies. These terms are often used interchangeably, but they are not the same thing. Perhaps the easiest way to make sense of just how...
March 21, 2017 11:39 am
North American Expansion: WorldRemit Launches Digital Money Transfer Service in Hawaii
Digital money transfer service, WorldRemit, announced on Tuesday it has expanded in North American by launching in Hawaii. The company’s Hawaiian customers may now send money to over 140 destinations as easily as sending an instant message, using the WorldRemit smartphone app...
February 26, 2017 3:20 am
Digital payment can check black money, graft: PM Modi
NEW DELHI: Digital payment can check black money and play a key role in fighting graft, Prime Minister Narendra Modi said today as he asked the youth to become an "anti-corruption cadre" as part of the "cleanliness" drive. Addressing his...
February 24, 2017 12:05 pm
China’s central bank is going digital
After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking it a step closer to becoming one of the first major central banks to issue digital money that can be...
January 17, 2017 6:21 am
Sweden’s Central Bank Considers Digital Currency
The central bank of Sweden is considering issuing a digital currency in response to a drastic decline in the use of cash in the country. If the so-called e-krona is introduced, Sweden would be the first European country to have...
January 16, 2017 6:16 am
Digital Base Money: an assessment from the ECB’s perspective
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the Farewell ceremony for Pentti Hakkarainen, Deputy Governor of Suomen Pankki – Finlands Bank, Helsinki, 16 January 2017 We are living in digital times. The internet...