The Central Bank [of the Bahamas] is exploring an early entry of Project Sand Dollar into Abaco. It will allow the Bank to test aspects of the emergency wireless communications features that would enable rapid financial services recovery; and to connect with many retail businesses early in their recovery process. The Sand Dollar infrastructure is being designed to connect with bank accounts, so that remote access to these facilities is also quickly re-enabled for deposits and withdrawals.
The Government of Bermuda, saying that the risks of launching its own digital currency outweigh the opportunities, will accept payments in stablecoins fully backed by U.S. dollars for taxes, fees and other government services, starting with USDC.
Bakkt is working on developing an app to let consumers use digital assets when purchasing goods from merchants.
Intercontinental Exchange Inc. said Monday that it will begin testing its consumer app for digital assets with its partner Starbucks Inc. in the first half of 2020.
RTGS.global aims to link together the existing wholesale payments infrastructure run by central banks within their borders, to settle cross-border payments in real time, and vastly cut down on the costs and burden of the correspondent banking system.
Total new worldwide funding commitments to the InsurTech sector in 2019 have already surpassed the 2018 full-year total, and during the third quarter exceeded $1.2 billion for the fifth consecutive quarter-year period, according to the new Quarterly InsurTech Briefing from Willis Towers Watson.
The World Bank Group and the Cambridge Centre for Alternative Finance published a survey containing responses from regulators in more than 110 jurisdictions around the world on their approaches (and challenges) to the regulation of peer-to-peer lending, equity crowdfunding, and initial coin offerings.
It seems like Hyperledger and Quorum are currently in their own race to see who will become the leader of the crowd. It turns out, the final verdict may rest in a number of projects including Besu and Adhara.
Posted from Diigo
. The rest of my favorite links are here
Published by kiffmeister
The Kiffmeister is a former Senior Financial Sector Expert at the International Monetary Fund.
View all posts by kiffmeister