PYMNTS

DECEMBER 18, 2020

To that end, the Bahamas may stand out as an epicenter of sorts for the rise of central bank digital currencies (CBDCs). As reported by Reuters , the Sand Dollar – a new digital currency issued and backed by the Bahamian central bank – is now in circulation, and bit by bit, has been making inroads into retail use cases.

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Currencies Banking Compliance Retail 142

PYMNTS

SEPTEMBER 9, 2020

Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). The testing tool comes as the global economy embraces digital payments and central banks investigate how to support innovation while maintaining financial stability as they issue the currency. In a Wednesday (Sept.

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PYMNTS

MAY 16, 2020

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. The system would then remove the paper currency from circulation. A central entity may implement a monetary policy and issue currency.

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Currencies Securities Banking Numbers 128

CFO Dive

MAY 24, 2024

and elsewhere have turned to digital assets as an alternative to conventional currencies, according to Deloitte. A growing number of companies in the U.S.

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Currencies Numbers 274

CFO Dive

JULY 8, 2024

The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.

Currencies 260

Currencies 260

CFO Dive

JANUARY 27, 2023

The FASB is on track to issue proposed new standards for cyrpto currency by April. The imposion of crypto exchange FTX is likely to sharpen scrutiny of the project.

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Currencies 255

CFO Dive

DECEMBER 6, 2022

As interest rates have risen against a backdrop of volatile equity and currency markets, lower-risk T-bills are drawing more interest.

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CFO Dive

OCTOBER 10, 2022

and market volatility may sustain demand for the dollar, which has soared 18% against a basket of currencies in 2022. Rising interest rates in the U.S.

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Currencies Marketing 239

CFO Dive

OCTOBER 31, 2023

The dollar rose against other major currencies during the third quarter, eroding revenues at large companies such as Pfizer and Exxon Mobil, FactSet said.

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Sales Currencies 238

CFO News

OCTOBER 23, 2024

BRICS nations have decided to boost trade using local currencies and explore new financial infrastructures. They agreed to study the feasibility of an independent cross-border settlement system and establish a BRICS reinsurance company. The New Development Bank will also be developed further.

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Currencies Banking 74

CFO News Room

JANUARY 18, 2023

Weeks before cryptocurrency exchange FTX filed for bankruptcy , dozens of young Nigerians in skintight dresses and brightly colored suits shimmied under limbo bars, posed for photos in front of the company’s logo and sipped expensive liquor at a swanky beachfront venue.

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Currencies Marketing Technology Investments 100

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Olga Skorobogatova, first deputy governor of the CBR, said 30 countries are working on their own national digital currencies, some of which could launch in five to seven years.

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PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts.

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Accounting Banking Currencies Securities 135

PYMNTS

SEPTEMBER 25, 2020

Her speech, entitled “Payment and the Pandemic,” included a section on digital currencies. Mester noted the central bank had been looking into digital currencies even before the pandemic, “building and testing a range of distributed ledger platforms to understand their potential benefits and trade-offs.”

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Currencies Banking Securities Technology 132

PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . A letter by the Office of the Comptroller of the Currency (OCC) published on Monday (Sept. Allaire said this has been a long time coming.

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Banking Currencies Leverage Technology 138

CFO News

DECEMBER 2, 2024

Despite geopolitical tensions in the Middle East and a strong USD, the Indian Rupee remains one of the best-performing Asian currencies. Finance Minister Pankaj Chaudhary attributes this resilience to India's robust economic fundamentals. Global events and market factors continue to influence the INR-USD exchange rate.

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Currencies Economics Finance Marketing 49

PYMNTS

JANUARY 25, 2021

The Reserve Bank of India (RBI) is exploring making a digital currency, a reversal of its prior position, according to a report from Cointelegraph. 25), said the bank is “exploring the possibility as to whether there is a need for a digital version of fiat currency,” the report stated, adding that it would put one into use if necessary.

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Banking Currencies Numbers Technology 127

CFO Dive

FEBRUARY 28, 2024

Can the dollar’s reign as the world’s reserve currency persist? This Fed official makes a strong case, but digital doubts may remain.

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Currencies 147

CFO Dive

NOVEMBER 11, 2024

The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

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Currencies Banking 147

PYMNTS

NOVEMBER 12, 2020

Christine Lagarde , European Central Bank (ECB) president, said the ECB could make its own digital currency within a few years, which could change up the eurozone financial sector drastically, Bloomberg reported. China, meanwhile, is also advancing plans for a central bank digital currency (CBDC), Bloomberg reported.

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Currencies Banking Securities Retail 121

PYMNTS

NOVEMBER 24, 2020

At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. Square and PayPal have reportedly been a major instigator in the price rally, buying large quantities of the digital currency. Bitcoin continued its price climb today (Nov.

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Currencies Investments Planning Marketing 135

PYMNTS

JANUARY 26, 2021

The tech will underpin the new global agreement between the two companies, which will allow TransferWise to expand its multi-currency debit cards throughout the Asia Pacific region, Europe, the Middle East, U.K. the release said. The secure connection will help do away with costly local connections.

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Currencies Securities Accounting Technology 134

CFO News Room

JANUARY 21, 2023

By the end of 2021, it was clear that this bout of inflation was not as transient a phenomenon as some had made it out to be, and the big question leading in 2022, for investors and markets, is how inflation will play out during the year, and beyond, and the consequences for stocks, bonds and currencies.

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Treasury Currencies Numbers Marketing 130

CFO Dive

MARCH 16, 2022

The Kyiv Independent uses a fintech platform and sends crypto to an exchange, which converts it into payments in local currency, the hryvnia, and lets subscribers pay their fees with non-fungible tokens (NFT), says CFO Jakub Parusinski.

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CFO Currencies 147

Global Finance

DECEMBER 11, 2024

From a monetary perspective, traditionally Egypt was focused on fixing the foreign currency and protecting the Egyptian pound. Since March 2024, we have been focused on the inflationary effect, currency pricing is set according to market dynamics and so far, it has proven very successful.

Economics 105

Economics Investments Currencies Banking 105

PYMNTS

JANUARY 19, 2021

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. A statement from the bank said the pilot involved a settlement on a private blockchain, which U.K. startup SETL provided, of around 2 million euros (about $2.4

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Currencies Startups Banking Marketing 130

PYMNTS

AUGUST 16, 2020

China’s Ministry of Commerce is moving forward with its plan for a digital currency, according to a report by The Wall Street Journal (WSJ).

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Currencies Compliance Securities Planning 134

PYMNTS

NOVEMBER 11, 2020

The border-free network of bitcoin allows for money to be easily moved in any amount internationally, according to the outlet, which noted that the rise in bitcoin ATMs shows that the digital currency is becoming more and more popular as a method of payment.

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Currencies Planning Technology 128

Simply Treasury

JUNE 3, 2021

The accounting treatment of currency hedging (timing) mismatches remains a major problem that has become more acute in the wake of the health crisis. When payments were in foreign currencies, this may have affected their results because of currency hedging. Delay in FX hedging, accounting treatment.

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IFRS Foreign Exchange Currencies Profit and Loss 130

PYMNTS

DECEMBER 18, 2020

18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. CVC" stands for "convertible virtual currency" – a category of digital products that can serve as currency. Bitcoin is a popular example.

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Treasury Currencies Securities Banking 141

CFO News

NOVEMBER 25, 2024

MakeMyTrip introduces multi-currency payment options for flights and hotels, simplifying bookings for international travelers and the Indian diaspora. The platform now supports payments in over 19 global currencies, enhancing accessibility for inbound travelers and expanding its reach to more than 150 countries through GDPR compliance.

Currencies 40

Currencies Compliance 40

CFO News Room

NOVEMBER 13, 2022

A central bank digital currency (CBDC) is a digital currency issued by a central bank. It is important to distinguish between digital currency and a digital claim to a currency. Commercial banks offer digital claims to a currency in the form of checking account balances. The country fully de-dollarized in 2017.

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Currencies Economics Banking Treasury 130

CFO News Room

FEBRUARY 5, 2022

Finance minister Nirmala Sitharaman said in the Budget speech that the introduction of a central bank digital currency (CBDC) will give a big boost to the digital economy. Digital currency will also lead to a more efficient and cheaper currency management system.

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Budgeting Currencies Finance Banking 130

PYMNTS

OCTOBER 14, 2020

As much as Bitcoin and other cryptocurrencies have attracted scrutiny from the Department of Justice and still lack mainstream acceptance, Voyager’s portfolio of so-called “stablecoins” (which are linked to an underlying currency such as the U.S. Ehrlich said stablecoins, including the U.S. Establishing Trust And Confidence.

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Treasury Currencies Cash Management Benchmarking 129

PYMNTS

OCTOBER 21, 2020

The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly,” Shulman said in announcing the move.

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Currencies Accounting Banking Sales 131

Barry Ritholtz

OCTOBER 20, 2023

To be more precise, I want to discuss the type of chart that reflects a fundamental misunderstanding of the nature of money, currency, spending, investing, and taxes. That compensation is in a currency that is a widely accepted medium of exchange. 5 Currency like the U.S. You get paid in dollars.

Investments 136

Investments Math Currencies Transportation 136

PYMNTS

OCTOBER 7, 2020

SWIFT’s [Society for Worldwide Interbank Financial Telecommunication] new service offers the possibility of borderless low-cost account-to-account currency transfers from the bank’s own app or portal, and Oracle Banking Payments’ readiness makes this transition easy and fast for SMEs.”. The subsidiary of Oracle Corp.

Currencies 145

Currencies Banking Accounting Securities 145