Transfer volumes across stablecoin platforms have risen considerably in 2019. While the number of on-chain transactions across tracked stablecoins still trail that of Venmo, the aggregate total on-chain transfer volume across the largest stablecoins has now surpassed Venmo’s total payment volume .
WhatsApp is in advanced talks with several digital payments firms including ride hailer Go-Jek, mobile payments firm DANA, backed by China’s Ant Financial, and fintech startup OVO, which is owned by Indonesian conglomerate Lippo Group and is also backed by ride hailing company Grab, sources said.
‘Satoshi’ confirmed himself to be Bilal Khalid – as was previously discovered in a check of the domain name registrar for the ‘Satoshi Reveal’ website. We also find out the reason why he can’t access his $19 billion fortune (he lost his private keys).
Smart contracts could soon get a boost in bitcoin as prominent programmer Pieter Wuille has unveiled a new coding language designed specifically for their use. The ‘Miniscript’ language aims to make it easier for programmers to write up “smart contracts” or conditions for spending bitcoins.
The number of projects utilizing a proof-of-stake governance mechanism has increased recently, as new projects hope to increase scalability and reduce the high energy consumption often associated with proof-of-work networks.
“Undoubtedly, technological innovation can bring important improvements in productivity and convenience to the financial services industry. It serves as a catalyst for structural change and thus requires careful monitoring of market dynamics and implications for risk. Going forward, I see four main priorities for regulators and supervisors…”
Fnality is pleased to announce key additions to the senior management and advisory team. Gary Chu joins as General Counsel and Adam Clarke as Chief Technology Officer (CTO), with Daniel Heller joining as Head of Regulatory Affairs.
Speaking at the Digital Banking Summit Innovation and Excellence Awards 2019 in Accra yesterday, Dr Opoku-Afari said adopting digital technology by players in the banking and financial space could help promote transactional efficiency in the delivery of financial services as well as scale up and broaden financial access to all segments of the society.
A rag-tag team of Israeli entrepreneurs is looking to leverage Facebook’s cryptocurrency project for profits, even without the $10 million required to join the Libra Association. So far the newly established startup, Libracamp, has received more than 80 applications to participate in a virtual bootcamp for Libra developers starting in November.
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The Kiffmeister is a former Senior Financial Sector Expert at the International Monetary Fund.
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