Bitcoin (BTC) gets a major adoption push in Ukraine as e-bank Monobank mulls offering BTC trading in July. Monobank to Launch Debit Cards with Bitcoin (BTC) Trading Features Bitcoin adoption the world over continues to expand with the latest development being the decision of major Ukranian e-banking application Monobank to launch a debit card featuringRead More
First Internet Bancorp, Truist Securities and City National Bank were among the financial institutions that announced fresh hires and shuffled executives this month:...
Central bank digital currencies (CBDCs) have little structural benefits to draw from decentralized features of blockchain technology, according to the chief economist at Swiss National Bank Carlos Lenz. Lenz said that blockchain happens to be very inefficient, which nullifies decentralization in CBDCs as an ideal solution. Apart from blockchain technology, he said that there are […]
The Swiss are in no rush to launch a central bank digital currency (CBDC). Swiss National Bank Clears the Air on CBDC According to a report in the Swiss weekly business publication Handelszeitung, the Swiss National Bank (SNB) is in no rush to introduce a CBDC. The development, or its lack, was announced at aRead More
Carlos Lenz, the chief economist at Swiss National bank(SNB), thinks that blockchain technology is unsuitable for a central bank digital currency(CBDC).