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March 6, 2020
On the wires
Uphold Launches World-First Multi-Asset Account and Debit Card
“Uphold, a leading digital money platform that has powered more than $5 billion in transactions across 180 countries, today announces the world’s first multi-asset account with an affiliated debit card that allows users to seamlessly convert multiple funding sources, including Bitcoin, XRP, BAT, and Gold into fiat currency, to spend everywhere Mastercard is accepted, as well as withdraw cash at virtually all ATMs worldwide.”
February 26, 2020
On the web
Ripple Strikes Three New Deals in South Korea to Improve Remittances
yahoo
“Ripple has added three new customers in South Korea who will utilize its blockchain-based payments network RippleNet. The deals have been signed with money transfer firms Sentbe, Hanpass and WireBarley, Ripple announced Tuesday. These firms aim to facilitate faster and cheaper cross-border payments via RippleNet. Sentbe focuses on the South-and Northeast Asia corridor, including the Philippines, Indonesia, Vietnam, Japan and China; Hanpass focuses on South Korea; and WireBarley provides services in the Australian corridor, as well as New Zealand, Hong Kong, Japan and South Korea.”
February 4, 2020
On the web
Mastercard CEO Explains Why Facebook’s Libra Project Was Abandoned
ZDNet
“Now, Mastercard CEO Ajay Banga has explained why. In an interview with the Financial Times , the chief executive said that while he liked the idea, there were concerns not only related to compliance, but also the overall business model. After raising the issues of due diligence and compliance with local laws — a tall order which would require extensive planning for a proposed, international currency — Banga said that key members were reluctant to put anything in writing. There was also the question of how Libra would make any money. Facebook may have cashed in by being able to potentially harvest and sell purchase data gleaned from users, but what about the other companies involved?”
January 31, 2020
January 28, 2020
On the web
Deutsche Bank Says Digital Currencies Could Be Mainstream in 2 Years – CoinDesk
CoinDesk
“Published Monday, the Deutsche Bank report said digital currencies, while only a decade old, have already been shown to have the “potential to radically change payments, banking, central banking and the balance of economic power.” “We believe a new digital currency could become mainstream within the next two years,” according to the report, with both China’s digital yuan initiative and Facebook’s Libra project expected to launch this year. The report said that could make digital currencies available to more than 1.5 billion Chinese citizens and 2.5 billion Facebook users – combined, more than half of the world’s population.”
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