January 14, 2017 6:00 am
Europe Committed to Tightening Digital Currency Rules by end of 2017
The European Parliament has recently released a report entitled ‘The Juncker Commission’s ten priorities: State of play at the start of 2017. It includes digital currencies for the first time as part of the Commission’s anti-money laundering efforts, which is a...
December 21, 2016 5:12 am
Bringing the latest in international payments to Digital Money Forum
World First USA, Inc. will be speaking and exhibiting at the CES Digital Money Forum from January 5-8, 2017, and we’re looking forward to meeting up with some of the 165,000 attendees and 3,800 companies that will be coming. CES...
December 4, 2016 12:44 pm
Oil Mantri add fuel to digital money drive
NEW DELHI: Oil minister Dharmendra Pradhan has hit the campaign trail, using petrol pumps and cooking gas dealerships of state-run fuel retailers as the government's public interface to wean people away from cash and encourage cashless payment systems. On Saturday,...
September 22, 2016 12:30 pm
Cash isn’t going away, but it will become digital
For more than 3,000 years, cash has played a critical role in the way our society functions — due as much to its fiscal value as its emotional and cultural connotations. It offers near-universality along with the heavily discounted value...
July 5, 2016 6:49 am
The countries that would profit most form a Cashless world
It’s been nearly 300 years since paper money became accepted as legal tender. While much has changed about how we make, sell, and buy goods, cash has stuck around. It’s been only recently that the road to a wider cashless...
June 4, 2016 4:00 am
Sweden leads the race to become cashless society
In 1661, Stockholms Banco, the precursor to the Swedish central bank, issued Europe’s first banknotes, on thick watermarked paper bearing the bank’s seal and eight handwritten signatures. Last year – as Britain did last week – Sweden launched a new series...
May 19, 2016 7:36 am
Five ways digital money will impact the future
"It’s no mystery that money has changed form and function many times over the course of human history. As the population has increased, some previously used units of exchange have become unfeasible. We’ve made money more and more abstract in...
May 12, 2016 7:29 am
Why all money will soon be digital
Denway, Norway and Sweden are leading the charge towards cashless societies. Yes, digital wallets are the future indeed. According to USA Today, 90% of monetary transactions in Denmark take place digitally. In the US, that number is a mere 45%. Denmark will be an all...
February 28, 2016 8:35 am
Japan says any bitcoin regulation should be international
Japanese vice finance minister Jiro Aichi said on Thursday. Commenting on the closure this week of Tokyo-based Mt. Gox, once the world's biggest exchange for the bitcoin virtual currency, Aichi said the ministry would respond to the problems if necessary,...
January 25, 2016 6:34 am
European parliament holds hearing on digital currency regulation
A European Parliament committee held a public hearing on virtual currencies today in Brussels at which it discussed the possibility of regulating digital currencies following the recent Paris terrorist attacks. The hearing of the Committee on Economic and Monetary Affairs (ECON) was a preparatory measure for the...
January 22, 2016 6:26 am
China’s central bank aims to issue digital currency
China intended to issue a digital currency as soon as possible, the central bank said yesterday, a move that could help the yuan offset the global dominance of the US dollar and limit capital outflows. The announcement by the People’s...
November 26, 2015 8:28 am
EU rules that Bitcoin is a currency
Bitcoin had a terrific year in 2015. Its price has held fairly steadily above $250 (and lately closer to the $300-$400 range), and it gained greater relevance around the world as more individuals seek to use it and more vendors...