Category: Banking Industry
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Bahamas to regulate banks to offer cbank digital currency
The Bahamas, the first country in the world to issue a central bank digital currency (CBDC), is now preparing regulations that will require commercial banks to provide access to the e-money in a bid to stimulate adoption. John Rolle, the islands’ central bank governor, who oversaw the Sand Dollar’s launch nearly four years ago, said…
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Number of crypto ATMs installed nears its all-time record
The 2,564 cryptocurrency ATMs installed so far in 2024 are on track to surpass the 2,861 machines that were removed in 2023. The number of cryptocurrency ATMs installed worldwide has spiked 17.8% to 38,279 over the last 12 months — inching closer to its record of 39,541 set in December 2022. As of 2024, there…
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Fintech: Mexico leads as Fintech Hub, with Nubank expansion and Clip’s $100MM
Is Clip’s recent $100MM raise an early indicator of rebound for Mexico’s fintech sector? Clip’s New Funding and the Future of Fintech in Mexico Clip, a leading fintech company based in Mexico City and often compared to Square for its wide range of payment, financial, and commerce software and hardware solutions, announced a new $100 million…
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Who are the fintech leaders in Africa?
Who are the fintech leaders in Africa? Check out Sputnik Africa’s infographic to find out which countries are the ones with the most deals and the largest venture capital funds attracted by fintech startups in 2023.
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Russia will help Africa achieve financial sovereignty through digital currencies
Vice Speaker of the State Duma says Russia “can and should help” African countries achieve financial sovereignty through the mechanism of creating central bank digital currencies, Deputy Speaker of the State Duma Alexander Babakov told Sputnik. 💬”A new payment ecosystem should be built on the basis of innovative financial technologies: high-speed real-time processing, work with…
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How to build with PayPal USD (PYUSD) on Solana
PayPal USD PYUSD tickers down$1.00 is now available on Solana, offering developers a new stablecoin option for their projects. With easy access to test tokens on the Solana Devnet faucet, comprehensive developer documentation and compatibility with the broader Solana ecosystem, building with PYUSD has never been more accessible. This article explains what PYUSD is, where…
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Liberia: GT Bank Vault Custodian Allegedly Absconds with US$78,250
The Monrovia City Court has granted a Writ of Ne Exeat Republica against defendant Fabrizo C. Siryon, a GT Bank vault custodian, who reportedly went into hiding since information shattered about his alleged stealing of $78,250.00 Ne Exeat Republica refers to a writ that can be issued by a court to stop someone from leaving…
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Robinhood rolls out crypto API for US traders
Stock trading app Robinhood announced the release of its crypto trading application programming interface (API) for users based in the United States. On May 30, the investing app revealed its attempt to tap into seasoned crypto traders through an API. The crypto trading API allows US-based traders to set up automated trading strategies. Robinhood believes…
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Lightspark CEO David Marcus: Lightning Network Will Become the World’s ‘Interoperability Neutral Settlement Layer’
David Marcus, CEO of Lightspark, a company that offers lightning network (LN) related services, has stated that LN will become the “interoperability neutral settlement layer” for the world. Marcus declared that only Bitcoin is “neutral enough” to be implemented as the enabler between national payment systems, granting companies and institutions adopting it an edge for…
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Liberia: Audit Reveals Unapproved Disbursements by Central Bank of Liberia for 2019 Independence Day Celebrations
MONROVIA – In 2019, around the July 26 Independence Celebration, the Central Bank of Liberia made several disbursements totaling US$730,000 to the Liberia National Police, the National Security Agency, and the Ministry of State for Presidential Affairs without any approved policy. An audit by the General Auditing Commission (GAC), the nation’s supreme audit body, discovered…
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