The Bank of Papua New Guinea is working on a digital version of its currency, called the digital kina, in partnership with Japanese companies Soramitsu and Mitsubishi, with support from the government of Japan. This project aims to explore how a central bank digital currency (CBDC) can fit into the country’s existing financial system and ...
Papua New Guinea is testing a digital version of its currency, the Digital Kina, with select merchants in Port Moresby. This pilot program began at the end of 2024 and will expand to include more participants ahead of a wider launch. The Bank of Papua New Guinea’s governor, Elizabeth Genia, emphasizes that this central bank ...
The Bank of Papua New Guinea is making strides towards launching a central bank digital currency (CBDC) Get Code for FREE Stocks Downloading In 15 seconds Scroll Down to End of This Post The Bank of Papua New Guinea Moves Forward with Digital Kina The Bank of Papua New Guinea is making significant strides in ...
Grayscale Investments, a prominent crypto asset management firm, has launched the Grayscale Dogecoin Trust, allowing investors to gain exposure to Dogecoin (DOGE). Originally a memecoin, DOGE has evolved into a viable digital currency that promotes financial inclusion and grassroots activism due to its low cost and fast transaction speeds. Grayscale believes this innovation facilitates broader ...
Retail central bank digital currencies (CBDCs) face significant challenges before they can be widely adopted. Key issues include ensuring compatibility with current payment systems, addressing privacy concerns, and dealing with infrastructure limitations in developing countries. A report from GlobalData highlights that CBDCs often fail to meet consumer needs and lack clear incentives for users to ...
Hamilton, a new protocol focused on tokenizing real-world assets on Bitcoin, has recently secured $1.7 million in pre-seed funding. Announced during a significant political moment in the U.S., Hamilton aims to make financial products like U.S. Treasury bills and real estate more accessible globally, especially in emerging markets. Co-founded by experienced fintech leaders Mohamed Elkasstawi ...
Cross-border payments in Africa and emerging markets are evolving rapidly thanks to fintech innovations, reducing transaction times from weeks to mere seconds. The growing popularity of cryptocurrencies, especially stablecoins, further enhances the efficiency of these transactions. With 33% more crypto users in 2024 compared to the previous year, global brands are adapting to consumer preferences ...
President-elect Donald Trump is ushering in a new era for cryptocurrency, promising clearer regulations that could significantly impact the industry. In an exclusive interview, Yesha Yadav, a crypto-regulation expert from Vanderbilt Law School, discusses how cryptocurrencies originated as a way to allow peer-to-peer transactions without involving banks or governments. As the crypto Market continues to ...
WISeKey has announced an exciting new partnership with its SEALCOIN cryptocurrency and the WISeSAT satellite platform. This integration allows secure cryptocurrency transactions to be processed through low-orbit satellites, making it possible for users to transfer money even in remote areas without internet access. The technology uses specialized satellites equipped with advanced security features, ensuring transactions ...
Central banks are actively researching retail central bank digital currencies (CBDCs), with 2025 likely marking key decisions on their launch. A report from OMFIF highlights that 81% of surveyed central banks are considering issuing a CBDC, with nearly half expecting to do so within five years. The European Central Bank is developing a digital euro, ...
