Central banks join to explore CBDC for international retail payments
BIS and the central banks of Israel, Norway and Sweden teamed up to find out how CBDCs can be used for international retail and remittance payments
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Developing countries face fierce economic headwinds: World Bank
The head of the World Bank warned that the risk of a global recession is an extremely challenging scenario for poorer nations and their development
Financial institutions pledge to lower remittance fees to Ukraine
As remittance now plays a vital role in the war-torn economy of Ukraine, global financial leaders commit to lowering the fees
Christie’s launches NFT auction platform on Ethereum
Inspired by successful NFT sales, the prestigious auction house Christie’s launched a blockchain platform to carry out auctions and sales on Ethereum “from start to finish”
Bitcoin think tank suggests rejecting CBDCs in favor of BTC and stablecoins
U.S. think tank claims CBDCs are problematic for individual and economic freedom, while crypto is a viable alternative
Interac promotes ‘mindful shopping’ with music
Canadian interbank network Interac has come up with a creative way to promote mindful spending
International Digital Remittances To Surpass 2 Billion Transactions Globally By 2027: Juniper Research
84% growth in international digital remittances will be driven by accelerated adoption
Virtual card transaction volumes will surpass 121 billion globally by 2027
Juniper Research predicts the rising integration of virtual cards to existing digital wallets services, such as Apple Pay and Google Pay will drive accelerated transaction growth
FTX US wins auction for Voyager Digital’s assets
Voyager has completed an auction under its chapter 11 bankruptcy proceedings, with FTX US securing the winning bid
DBS opens crypto exchange to high-net-worth clients
DBS is opening its crypto trading digital exchange DDEX to wealthy clients, enabling them to trade through the Digibank app
Samsung launches Axis credit card in India
Tech giant Samsung launches a co-branded Visa credit card in cooperation with Axis Bank in India
Web3 platform hi launches NFT customisable card
Crypto exchange and mobile banking platform hi is offering users the chance to customize their debit cards with an NFT avatar they own
Amazon and Affirm expand BNPL offering to Canada
Amazon and Affirm are rolling out their buy now, pay later (BNPL) solution in Canada, enabling shoppers to pay in instalments
Researchers offer a solution to mitigate crypto theft – reversible transactions
Stanford University researchers developed a prototype for “reversible transactions” on Ethereum to reduce the impact of crypto theft
Total BaaS Revenue to Exceed $38 Billion Globally by 2027
The total BaaS (Banking-as-a-Service) platform revenue will rise from $11 billion in 2022 to $38 billion by 2027: Juniper Research
Dow closes at its yearly low as investors’ fears grow
Investors, frightened by the stubbornly high inflation and Russia’s attempts to escalate the Ukraine war, massively flee the market: Dow Jones is at its lows
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