As major financial institutions continue wading into the digital waters of the future of currency, they're faced with questions that crypto, in many ways, has never really had to answer. What makes digital assets a currency? What makes stablecoins stable? Stablecoins are an increasingly important plank in the cryptosystem - greasing the wheels of the system and providing an … [Read more...] about Architecting The Future of Digital Assets in Banking
When discussing cryptocurrency, the Achilles’ heel for financial institutions and the banking industry is regulatory compliance. ISO 20022 is an internationally recognized standard, developed and maintained by the International Organization for Standards (ISO), for financial industry messaging in payments, securities, trader services, cards, and foreign exchange domains. The … [Read more...] about Cryptocurrency & ISO 2022 Compliance
The notion of a digital dollar for the United States has been increasingly in the news in recent months. Research by the Federal Reserve into a Central Bank Digital Currency (CBDC) has been ongoing, and it’s easy to see why: between efforts from China to use digital currency in apps, to the increasing adoption rate of cryptocurrencies, and other faster payments technologies, … [Read more...] about A U.S. CBDC: Disaster or an Idea Whose Time Has Come?
What’s on the horizon for cryptocurrency and blockchain technologies? It’s a question on a lot of people’s minds, and there’s a potential for more than a good profit margin for financial professionals who come to the right answers: a potential paradigm shift in payments, investing, and the way we use the internet itself could be on the line. For its April talk, the Chicago … [Read more...] about New Horizons in Cryptocurrency
The Fed’s announcement of a tentative look at the potential benefits of adopting a true digital U.S. dollar continue to have an outsize impact on fintech and the financial industry in general. Despite concerns, such a step would represent a truly seismic shift in the way the world does business, and the steps they take bear a lot of scrutiny in the months and years to … [Read more...] about A Focus on the Fed’s Digital Dollar Plans
President Biden called last week for an urgent, government-wide focus from the U.S. into the research of a potential Central Bank Digital Currency (CBDC) in an Executive Order. It’s a move that’s been a long time coming—American efforts in the space have lagged far behind some other countries, including China, which has already launched a pilot for its own digital … [Read more...] about Could a Central Bank Digital Currency be in the Cards for the U.S.?