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Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions

PYMNTS

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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Citigroup Chief: CBDCs Are 'Inevitable' In The Future Of Currency

PYMNTS

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. 4), Corbat said the development of such digital currencies was likely inevitable with the way money has been trending.

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Libra Launch Signals Sparks Between Big Tech, Central Banks On Digital Currencies

PYMNTS

It’s been more than a year in the making — with no shortage of caution and criticism by lawmakers and regulators here in the states and in Europe — but Libra, the digital currency backed by Facebook and a revolving cast of other tech firms, could debut as early as next month. Morgan stablecoin, known as JPM Coin, geared toward B2B.

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Treasurers warm to liquidity, yields of T-bills, Jiko CEO says

CFO Dive

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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Consolidation Solution Checklist

Mid-market companies have been forced to rely on standalone Excel and Tylenol for too long. This checklist covers: Integration of Data Currency Translation Intercompany Eliminations Partial & Cross Ownership Multiple Reporting Standards Financial & Management Reporting

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Strong dollar slams companies’ Q3 earnings

CFO Dive

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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Market gives thumbs up to Budget 2022

CFO News Room

The equity market witnessed some wild swings on the Budget Day, with the Sensex rebounding after losing more-than 2% from the day’s high. Markets have been very volatile in the previous two years, with the Sensex losing 1% and 2.43%, respectively, on the budget day in 2019 and 2020. By Yoosef Kp & Ruchit Purohit.

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