Tether Now Supports Offshore Chinese Yuan (CNH), Launches CNH₮ Stablecoin
Tether has launched its Chinese yuan-backed stablecoin, which will run on top of the ethereum blockchain. The new CNH₮ token, is collateralized with yuan stored offshore.
Brazilian Central Bank Will Deploy a Fast Payments System
The Central Bank of Brazil is developing a new instant payment system that will change how funds are sent within the country. Brazilian citizens will purportedly be able to send and receive money in seconds, instead of several hours and even days.
tags: Fintech FastPayments
Catalonia Government to Build DLT-Based Identity Platform for Citizens
The government of Catalonia has announced it will develop a DLT-based identity platform aimed to give citizens control of their own data when interacting with online services. The Catalan government will act as the validator for the network, but it will not collect users’ personal data.
tags: Identity Fintech Blockchain
Philippines To Launch Standardised QR Code For Payments Soon
The Philippines is anticipated to launch a standardised QR code for payments by September, according to a report by Philstar. The plan to standardise QR payments in Philippines was first announced by the late BSP Governor Nestor A. Espenilla, Jr in July last year.