Digital Payments

Bermuda to Pilot Digital Dollar for Rum Sales

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 […]

News  ·  18 February 2021

India’s State-Led Payment Network Is Growing. Now Nation Wants to Export It

India’s state-led payments system, United Payments Interface (UPI), was first rolled out in 2016 and is currently used by 175 million people.

Policy & regulation  ·  21 December 2020

India’s State-Regulated Digital Payments Network Is Dominated by Google and Walmart

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.

News  ·  9 December 2020

Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report

Libra might eventually get off the ground as early as January albeit in a more limited format.

News  ·  27 November 2020

In India, a Clash of Digital Innovation and Internet Censorship

Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?

Policy & regulation  ·  25 November 2020

Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years

Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.

Policy & regulation  ·  19 November 2020

ECB President: Europe Has Fallen Behind in the Digital Payments Race

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.

Policy & regulation  ·  11 September 2020

Government of Bermuda Pilots Stimulus Token in Response to COVID-19 Crisis

Bermuda is looking to speed up the distribution of financial aid to its citizens and has begun trialing a digital stimulus token.

News  ·  1 September 2020