Tech Mahindra wants to provide U.S. banks with a stablecoin solution after the OCC authorized federally chartered banks to use stablecoins for settlement in January.
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Bank of Japan begins first digital currency proof of concept
The first phase of Japan’s CBDC pilots will be completed by March 2022, the central bank states.
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Digital euro could take four years, says ECB president Christine Lagarde
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
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PayPal to start letting US customers pay in Bitcoin at global merchants
A checkout service will be implemented which waives transaction fees for purchases made using crypto, PayPal’s president and CEO confirmed.
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Ripple acquires stake in cross-border payments firm
Ripple has agreed to acquire a 40% stake in cross-border payments firm Tranglo to further expand its ODL service in Southeast Asia.
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Stablecoin reserves on crypto exchanges hit new historic high of $10B
Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC Coin.
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