Openway Implements CBDC Bank Cards
Payment software specialist Openway, which has operated in Kazakhstan for more than 20 years, recently partnered with three card issuing clients, as well as with Visa and Mastercard.
Area of Interest: Cryptocurrency / Blockchain
Buying Bitcoin with Cash at US Retail Locations
Customers using Bitcoin Depot kiosks undergo know your customer (KYC) and anti-money laundering (AML) compliance reviews. Of Bitcoin Depot’s 120 employees, more than 20 handle compliance.
Giesecke+Devrient Supports Retail Payments from CBDCs
CBDCs are issued in only 3 countries—the Bahamas, Jamaica and Nigeria., but are being considered by the central banks of more than 130 other countries.
Superlogic’s Blockchain Loyalty SaaS
Superlogic’s software can be used by card issuers, airlines, hotels, restaurants, retailers and others to make managing their loyalty programs more efficient.
Nexo’s Dual-Mode Card
Nexo, a digital assets institution providing crypto lending, exchange and storage, has offered its customers in the European Economic Area the Nexo Card, a crypto-backed Mastercard credit card, since April 2022. Cardholders can make purchases using a line of credit of up to 90% of the value of the 65 cryptocurrencies that Nexo users are able to dedicate as collateral.
Digital Currency Update
Mastercard introduced Multi-Token Network, a service intended to scale and secure digital transactions. It will incorporate previously announced products like Mastercard Crypto Credential. The company says a beta version of Multi-Token Network will be available in the UK this summer. The Bank for International Settlements collaborated with the Bank of England to build a […]
Digital Currency Update
Stables, an Australia-based digital wallet provider, has partnered with Marqeta to offer a Mastercard prepaid card. Users can convert digital assets into fiat currency for retail spending. TBD, a Block-owned developer platform focused on digital currencies, has partnered with Yellow Card, a digital currency exchange that operates in 16 African countries. In March, the companies […]
Digital Currency Update
Brazil’s central bank announced it would launch a CBDC pilot, with public testing taking place at the end of 2024. Bybit, a digital currency exchange, launched a Mastercard debit card for customers in Europe. Users will be able to spend from several digital currencies with automatic conversion to fiat at the point of sale, as […]
Digital Currency Update
Reliance Retail, India’s largest retailer, is participating in the Reserve Bank of India’s CBDC pilot. The company has partnered with ICICI Bank, Kotak Mahindra Bank and Innoviti to accept digital rupees at the point of sale.
Digital Currency Update
Coinbase, a digital currency exchange, reached a $100-million settlement with the New York State Department of Financial Services over its AML compliance practices. Of those funds, $50 million will be a penalty and the remaining $50 million will be spent on compliance.
