Fidelity Digital Assets plans to add support for Ether next year subject to sufficient demand, said the firm’s president
Here's what unbanked refugees really think about cryptocurrency.
Microsoft’s Azure is becoming one of the biggest names in blockchain through the use of NFTs in its new community program
South Korea is an important region when it comes to cryptocurrencies. It now appears the country’s central bank wants to begin researching central bank digital currencies in the near future. Numerous countries see merit in creating national digital currencies. More Central Bank Digital Currencies are Coming Such projects are often referred to as central bank digital currencies, or CBDCs. For the time being, it remains to be seen which nation will try its hand at issuing such a currency in the future. One country throwing its hat into the mix is South Korea. More specifically, the Bank of Korea has made its interest in such a research project very clear. This does not mean the bank will issue its own central bank digital currency in the future, or ever. Cryptocurrency assets have gained a fair bit of popularity in recent years. Even banks acknowledge that they make it somewhat more convenient to send and receive transactions. More importantly, their underlying technology makes it very cheap to move large sums of money around the globe. As more Asian countries enter the CBDC space, it was a matter of time until South Korea did the same. Both China and Japan have shown an interest in creating such digital forms of money in the years to come. Image(s): Shutterstock.com The post South Korea Will Research Central Bank Digital Currencies appeared first on The Merkle Hash.
The tension between fintechs and incumbents is well-covered, but in an increasingly digital age, trust – and new core banking systems – are crucial.
Following the launch of the UK’s first international fintech bridges, industry leaders question whether they have lived up to expectations.
As the fintech market becomes saturated, and there is less and less differentiating brands in the same sector, the industry is entering a new era.
Britain’s most highly valued fintech “unicorn”, OakNorth Bank, has suffered its first two defaults on property-backed loans and is seeking to offload a portion of its larger deals to reduce risk.