Tagged: digital money

CBDCs: MAS Establishes Foundation for Usage of Digital Money in Singapore

The Monetary Authority of Singapore (MAS) unveiled three initiatives to ensure the safe and innovative use of digital money in Singapore, namely: a blueprint outlining the infrastructure required for a digital Singapore dollar; expanding digital money trials; and a plan to issue a “live” central… Read More

Introducing the Commissioner for Digital Money: Safeguarding Privacy and Our Democratic Rights in the Age of Programmable Money

As the USA House Subcommittee on Digital Assets, Fintech, and Inclusion, hold a hearing on stablecoins Wednesday, April 19, 2023, in the USA, in the UK, and around the world, attempts to shoe-horn digital money from central and private banks (CBDCs and Stablecoins) into existing… Read More

US Banking Community Members Launch PoC for Regulated Digital Asset Settlement Platform

Members of the U.S. banking community announced the launch of a proof of concept (PoC) project that will “explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN).” Using distributed ledger technology, the proposed platform would “create innovation opportunities… Read More

Uphold Introduces Crypto-Linked Debit Card Offering Rewards in XRP

Uphold, a digital money platform, has announced the launch of its new debit card for UK customers that pays rates of “up to 4% rewards in XRP.” Unlike other comparable cards, the Uphold Card will “not charge non-sterling transaction fees, making it ideal for travel… Read More

Digital Money Transfer Platform ZEN.COM Introduces Service that Converts Fiat to Virtual Currency

Digital money transfer service ZEN.COM, which is reportedly powered by Mastercard (NYSE: MA), has introduced the conversion of fiat money into digital assets, as well as the “transfer of fiat currencies to any digital wallet servicing BTC, ETH or USD-T (ERC-20), with more currencies coming… Read More

Global Fintech Moneybrain Joins Visa’s Fintech Fast Track Program

Moneybrain, an international Fintech platform, reveals that it has joined Visa’s Fintech Fast Track program, in order to accelerate the process of integrating with Visa and “allowing Moneybrain to more easily leverage the reach, capabilities, and security that Visa’s global payment network offers.” As mentioned… Read More

Bank of England to Regulate Stablecoins, Mulling Plans to Launch CBDC

The Bank of England (BoE) has long indicated it is interested in new forms of digital currencies such as Stablecoins and central bank digital currencies. In the past, the Bank has wondered about the impact to monetary policy and possible risk regarding the issuance of… Read More

Fintech Firm Fuse.io Partners Monerium to Launch Regulated Fiat Money on the Blockchain

The developers at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” have partnered with Monerium in order to bring regulated fiat money to the… Read More

SendGold, an Australian P2P Digital Money or Gold as a Service Platform Reports Over 800% Increase in Transactions, After COVID-19 Outbreak

Fintech firm SendGold, which describes itself as a Gold-as-a-Service (GaaS) platform, reports an 819% increase in transaction volume and a 311% growth in transaction size since January 2020. Established in 2016, SendGold is a peer to peer (P2P) digital money platform focused on serving the… Read More

Fintech Firm Vouchr’s Engagement Platform for Digital Money to Help Banks Make Transactions an “Out of Box” Experience

There were around 40 million people that were using Venmo for payments, as of Q1 2019. That’s notably 40 million users who are using an external app and not their regular bank accounts to transfer funds. Traditional banks appear to have become a secondary option… Read More

PT Cashlez Worldwide Indonesia, the Nation’s First Fintech Payment Firm to be Publicly Listed, Makes Strategic Acquisition

PT Cashlez Worldwide Indonesia, which is reportedly the nation’s first Fintech payment company to be publicly listed, saw its share price increase from Rp 350 (appr. $0.23) to Rp 384 within minutes after trading began on the Indonesia Stock Exchange (IDX). Cashlez said it will… Read More

Reserve Banks Must Look into Issuing Digital Versions of Cash to Prevent “Privatization” of Money: Report

Reserve banks must seriously look into issuing a digital version of cash in order to prevent the “privatization” of money, according to research and campaign group Positive Money. The group’s recent report argues that trust in the existing monetary system might disappear, if banks don’t… Read More

Update: Digital Money Platform Manigo Secures More Than £450,000 on Crowdcube

Manigo, a London-based single digital money platform, has successfully secured its initial funding target of £300,000 and is nearing £455,000 from more than 230 investors through its equity crowdfunding campaign on Crowdcube. As previously reported, Manigo was founded in 2015 and described as a one platform, on log-in, for… Read More

Single Digital Money Platform Manigo Launches Equity Crowdfunding Round on Crowdcube

Manigo, a London-based single digital money platform, has launched an equity crowdfunding campaign on Crowdcube to raise £300,000. Founded in 2015, Manigo is described as a one platform, on log-in, for everything users need around money. It claims to be the world’s first digital ecosystem… Read More

Bitreserve Quickly Surpasses £4,6M in Crowdfunding: Cloud-based, Zero-cost Money Transfers & Payment Processing

With the support of over 23 investors, Bitreserve, a money service that makes using digital money easy, fast and free, quickly posted over £4,6M of its £6M goal in funding for 10.70% equity offered through Venovate Marketplace, a U.S.-based brokerage platform for alternative investing, and London-based crowdfunding platform, Crowdcube. Bitreserve,… Read More

Bitreserve Hits Venovate & Crowdcube to Raise $10M in Equity

Bitreserve, a money service that makes using digital money easy, fast and free, is raising funds through Venovate Marketplace, a U.S.-based brokerage platform for alternative investing, and London-based crowdfunding platform, Crowdcube. Raising funds on Venovate is spurred from the company’s belief that financing should be an… Read More

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