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IMF chief gives serious backing to digital currencies going mainstream
Christine Lagarde, head of the International Monetary Fund (IMF), warned central bankers that digital currencies are rising. Lagarde told them not to discount digital currencies, because they are gaining more adoption and traction. Lagarde addressed this issue in a conference in London, saying digital currencies might give existing currencies “a run for their money.” Global usage of [...]
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Japan rumoured to launch its own national digital currency J COIN
According to multiple press reports, Japan is planning to launch its own national digital currency, J COIN, in time for the 2020 Tokyo Olympic games. The announcement comes against the backdrop of Alibaba’s Alipay service being launched in the country, which is seen as a threat. Japan is a heavily cash-dependent economy and wants to change [...]
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Why cryptocurrencies are years away from replacing Fiat currencies
Cryptocurrencies like Bitcoin and the underlying Blockchain technology was invented/created over eight years ago as an alternative means of payment through the mining of digital currency (Bitcoin) by solving cryptic equations. The rhetoric was that it eliminated the need for a third-party intermediary, hence giving the power of choice back to the people in a [...]
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Ethereum rolls out its first “hard fork” Metropolis
Ethereum, the second-largest cryptocurrency in the world by market cap, like Bitcoin a few weeks ago, has rolled out the first stage of its Metropolis hard fork proposal this week. Coin Telegraph reports the hard fork will be executed in two phases, the first of which began Monday, September 18. This first step is known as the Byzantine [...]
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The rise of alternative payments – and its impact on the card business
From virtual mobile wallets to peer-to-peer money transfer apps, there are an increasingly diverse number of ways to pay, beyond the old medium of cash. And the geographic scope of such alternatives stretches from contactless mobile for buying coffee in a US Starbucks or movie tickets in Indonesia, to blockchain-based currency transfers in Africa. The [...]
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