The U.S. Automated Clearing House system experienced an outage on Dec. 18 between 3 P.M. and 7 A.M. of the next day. Since the system handles the majority of domestic bank transfers, some in the crypto community were quick to point out that Bitcoin does not suffer outages. The U.S. Federal Reserve operates the FedACH...Read More
The IMF has recently recommended to central banks worldwide to explore the introduction of Central Bank Digital Currencies, but to proceed with caution. CBDC Could Prove Useful to Central Banks In its most recent weekly blog post, the IMF has suggested that CBDC have a number of benefits. These include reducing the cost of managing...Read More
The Bank of International Settlements, an international body owned by 60 worldwide central banks, published a discussion paper on treatment of crypto assets. The committee is requesting the opinion of all industry participants to develop a “prudential” treatment policy. The announcement comes after the bank’s Committee on Banking Supervision identified the growth of crypto assets...Read More
Ripple has been in the headlines today, as the Spanish bank Santander confirmed plans to extend the use of Ripple’s xCurrent network. The banking behemoth will be rolling out its One Pay FX mobile app to customers in Latin America, enabling a payment gateway for sending funds to the U.S. The XRP price jumped from...Read More
