Bitcoin mining consumed enough electricity last year to release carbon emissions on a par with Estonia, according to a study that suggests the climate change impact of the crypto-asset is not as bad as previously thought.
U.K.-based remittance firm TransferGo is planning to move to Ripple’s payments solution On-Demand Liquidity that leverages XRP, the world’s third-largest cryptocurrency.
To reduce the risk of any single stablecoin becoming systemically dominant (and simply replacing a fiat hegemon with a digital one), there should be an emphasis on interoperability and frictionless exchange across blockchains. Blockchain interoperability can increase economic and transactional scalability, speed and security.
The bank of the future will need to think about people in a completely different way. This will require a customer-first approach that is deeply embedded in the process of how services are designed and delivered. It’s an approach that is digitally driven but at its core focused on solving our human problems and needs.
Upbit suspended its deposit and withdrawal service, saying that $48.5 million of Ethereum had been stolen from the Upbeat Ethereum hot wallet to a previously unknown wallet address.
The Swiss federal government is passing to parliament a revised plan aimed to remove legal hurdles still holding up innovation based on blockchain and distributed ledger technology.
Bankable, the global provider of “Banking as a Service” solutions, and Visa today announced a strategic collaboration within the Central and Eastern Europe, Middle East and Africa region. Bankable aims to work with Visa to accelerate the digital capabilities of financial institutions’, build and launch digital banks, reduce cash usage and increase Fintech sponsorship in CEMEA.
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The Kiffmeister is a former Senior Financial Sector Expert at the International Monetary Fund.
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