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Search Results for: Digital dollar

Circle and Nubank Partner to Increase Digital Dollar Access in Brazil

Availability of USDC on Nubank’s crypto platform is phase one of extending USDC access across Nubank’s products to more than 85M Brazilian customers BOSTON–(BUSINESS WIRE)–Circle and Nubank, one of the world’s largest digital financial platforms serving 90 million customers across Brazil, Mexico, and Colombia, announced today a partnership to extend

December 5, 2023 3 mins read

Bank of America Indicates a Near-Term Digital Dollar Unlikely in the U.S

Bank of America (BAC) stated in a research on Monday that central bank digital currencies (CBDCs) are on the horizon, but will not occur in the near future. The report found that 33% of the world’s central banks, representing 67% of nations and 98% of global GDP, are actively investigating

November 15, 2023 2 mins read

DeSantis and Kennedy Jr Slam Fed’s Plans for Digital Dollar

Florida Governor Ron DeSantis and anti-vaccine activist Robert F. Kennedy Jr. have accused the Federal Reserve (Fed) of seeking to use a proposed digital dollar to “control” Americans’ finances. According to Ron, using the new US digital dollar allows the Government to block transactions such as buying riffles or filling

April 8, 2023 2 mins read

U.S Senator Opposes CBDC Introduces ‘No Digital Dollar Act’

Powell indicated this week that it would be at least two years for CBDC. The Senator spoke in favor of hard currency. Many governments across the globe are turning towards CBDC, otherwise known as Digital currency. On Thursday, a Republican senator from Oklahoma, James Lankford, announced that he introduced legislation

October 2, 2022 1 min read

Bitcoin (BTC) Won’t Get Influenced by Digital Dollar

The recent reveal of the news upon introduction of Digital Dollar has created wide speculations. Debates are everlasting based upon the fact that the digital dollar could affect Bitcoin (BTC) and other cryptocurrencies too. In Spite of all this, many crypto investment firms have said that the digital dollar would

June 12, 2021 2 mins read

SEC Chair Gary Gensler Argues Against More Digital Currency, Cites US Dollar Dominance

SEC Chair Gary Gensler expressed his view that the United States does not require additional digital currency. This statement came alongside the SEC’s legal actions against Binance and Coinbase for allegedly operating unregistered securities exchanges. During an interview with CNBC, Gensler refuted allegations that his approach was creating ambiguity regarding

June 6, 2023 1 min read

What Is the Future of Central Bank Digital Currencies (CBDC)?

In today’s digital era, money is evolving fast. From cash transactions to online payments, the way we handle money has drastically changed. As physical cash becomes less common, especially during the COVID-19 pandemic due to hygiene concerns and cash shortages, more people are turning to digital transactions. Since then, banks

September 14, 2024 9 mins read

Digital Currency Group Clears Short-Term Debt of Nearly $1B

Blockchain investment behemoth Digital Currency Group (DCG) has paid off all of its short-term debts as of June. This is according to a quarterly shareholder letter the business sent out this week. Thanks in large part to a stellar performance during the first half of the year, the firm was

August 25, 2024 2 mins read