In Bermuda, you may soon be able to use digital dollars to buy rum. Canadian fintech firm Bidali announced Thursday that, with the support of the Bermuda government, it has launched a pilot to test a digital Bermuda dollar. Under the pilot program, popular local rum company Gosling’s Limited will be accepting digital Bermuda dollars […]
India’s state-led payments system, United Payments Interface (UPI), was first rolled out in 2016 and is currently used by 175 million people.
A shared payments infrastructure initiated by the state and joined by major Indian banks, the United Payments Interface (UPI) accounted for over 2.2 billion transactions in November.
Libra might eventually get off the ground as early as January albeit in a more limited format.
Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
European Central Bank President Christine Lagarde said a digital euro can place the region at the cutting edge of innovation but it may have fallen behind in the global competition for creating digital payment ecosystems.
Bermuda is looking to speed up the distribution of financial aid to its citizens and has begun trialing a digital stimulus token.