Category: Payments and Banking

El Salvador’s biggest bank is now accepting bitcoin payments

El Salvador’s biggest bank is now accepting bitcoin payments

Clients of El Salvador’s largest bank, Bancoagrícola, will now be able to pay down their loans and credit card bills in bitcoin. They can also now use the cryptocurrency to purchase goods and services from merchants connected to the bank’s payment gateway. Bancoagrícola, founded in 1955 and now owned by Grupo Bancolombia, has tapped New […]

Continue Reading

Panama lawmaker introduces proposed crypto regulation law

Panama lawmaker introduces proposed crypto regulation law

An independent lawmaker in Panama has introduced a bill to the country’s National Assembly that if approved will regulate crypto assets and promote blockchain adoption. The proposed law aims to make Panama “compatible with blockchain, crypto assets and the internet,” tweeted congressman Gabriel Silva, whose profile photo features the red laser beam eyes popular with […]

Continue Reading

Sen. Elizabeth Warren says ‘crypto is the new shadow bank’

Sen. Elizabeth Warren says ‘crypto is the new shadow bank’

U.S. Senator Elizabeth Warren (D-MA), a long-standing critic of cryptocurrency, told the New York Times that, in her view, cryptocurrency is “the new shadow bank.” The Times story focused in large part on BlockFi, the venture-backed crypto lending startup that has drawn the attention of numerous state regulators in the U.S. as part of a […]

Continue Reading

BBVA Swiss includes a crypto wallet via its new digital investment account 

BBVA Swiss includes a crypto wallet via its new digital investment account 

Swiss banking giant BBVA is launching a digital investment account that offers crypto wallet features, according to a company release.  The new digital investment account is called New Gen, which allows users to deposit $10,000 in USD, euros, or Swiss francs. Individuals must complete an online form and video-identification call to obtain access. Users can […]

Continue Reading

Australia, Malaysia, Singapore and South Africa will test cross-border CBDCs

Australia, Malaysia, Singapore and South Africa will test cross-border CBDCs

As part of the Bank for International Settlements’ new Project Dunbar, the central banks of Australia, Malaysia, Singapore and South Africa are working to build prototype platforms for cross-border central bank digital currencies (CBDCs).  The news comes from a Bank for International Settlements announcement on September 2. The announcement describes the prototypes as such: “These […]

Continue Reading

Brazil’s Nubank to acquire instant payment platform Spin Pay

Brazil’s Nubank to acquire instant payment platform Spin Pay

Brazil’s Nubank will acquire Spin Pay, a fintech company that supports retailers accepting payments through the country’s Pix instant payment system.  The acquisition aims to help Nubank boost its e-commerce payment solutions, the company explained in an August 30 press release. Spin Pay, which will remain a separate company after the deal, works with more […]

Continue Reading

Why Brazil’s public instant payment system became so popular — and what that means for crypto

Why Brazil’s public instant payment system became so popular — and what that means for crypto

Quick Take Brazil’s central bank recently revealed new data pertaining to its real-time payment system, called Pix, which show the platform taking off. Now the bank is trying to make sense of the simultaneously rising demand for crypto — not for payments but as an investment class.  This feature story is available to subscribers of […]

Continue Reading