Cboe Digital, a leading global exchange operator, announced that it has obtained approval from the Commodity Futures Trading Commission (CFTC) to introduce margin futures for crypto like bitcoin, and ether. The announcement marks a significant development in the crypto market because the approval signifies a major step forward in integrating cryptocurrencies into traditional … [Read more...] about Crypto is Not Dead
U.S. Faster Payments Implementation Increases
Consumers and businesses want to move payments faster. Three recent studies show growth in the use of the various flavors of faster payments in the United States. Instant payments services have reached an inflection point among financial services providers, with more than 60% using or setting up the RTP service and more than 40% setting up FedNow. Zell is approaching 80%, … [Read more...] about U.S. Faster Payments Implementation Increases
Dedollarization: A Yuan Tale
Countries are starting to settle trade in local currencies rather than U.S. dollars, and warnings of the dire consequences are heating up. They range from serious policy analyses on sanctions to conspiracy theories designed to sell investment information. Interest in the concept of “dedollarization” began to rise toward the end of the first quarter of 2023, spiking up at the … [Read more...] about Dedollarization: A Yuan Tale
Noncash Payments Continue to Grow in the U.S.
Noncash payments in the U.S. continue to grow, with the total value increasing at a rate of 9.5% per year 2018 to 2021, according to the most recent survey data from the Federal Reserve. The survey also found that tht total number of noncash payments increased at a 5.6% CAGR over the same period, driven largely by increases in the value of card payments and ACH payments. … [Read more...] about Noncash Payments Continue to Grow in the U.S.
World Business Chicago Hosts First Fintech Exchange
World Business Chicago recently hosted its first FinTech Exchange at the Illinois Institute of Technology's University Technology Park. Chicago's economic development agency added financial technology to its sixth priority industry this year. The idea is to draw on the strength of Chicago's traditional financial institutions and trading experts to attract new businesses … [Read more...] about World Business Chicago Hosts First Fintech Exchange
Cryptofinance Reports I’d Like to Read
I'd like to read them all, but not now. These are some of the reports I've put aside over the last few weeks to refer to when "I have more time" or the need arises. Feel free to add your contributions in the comments. Research Reports On-chain Foreign Exchange and Cross-border Payments https://lnkd.in/gHheAT9B A study of the use of distributed ledger technologies in the … [Read more...] about Cryptofinance Reports I’d Like to Read