Banks Need to Adopt Crypto, Now
Resistance is futile and the time for doing nothing with crypto was two years ago, not today, says our columnist.
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According to Christine Lagarde, the head of the European Central Bank, at least 80 central banks around the world are looking at CBDC adoption. 80 Central Banks To Adopt CBDC “We think that it’s a duty of us to actually have available digital currencies that would operate to the benefit of consumers,” Lagarde said at […]
Banks face a stablecoin conundrum: Build their own projects, with all the overhead that implies, or work with well-placed existing providers.
A former CEO of Citigroup said that every major bank and securities firm will consider crypto trading or services within one to three years. He also hopes that central banks worldwide will adopt digital currencies.
Former Citi CEO Expects All Major Banks to Embrace Crypto in 1-3 Years
Indian-American banker Vikram Pandit, a former CEO of Citigroup, talked about the outlook for cryptocurrency and central bank digital currencies (CBDCs) at the Singapore Fintech Festival event last week.
Pandit became the CEO of Citigroup in December 2007 and led the U.S. bank during the....
Digital asset exchange Binance has become the first crypto company to support the Association of Banks of Russia in efforts devoted to regulating the country’s growing cryptocurrency market. The coin trading platform will also work with authorities in Moscow as they try to adopt rules for the industry.
Binance to Provide Crypto Expertise to Russian Banking Sector and Government
The world’s leading cryptocurrency exchange, Binance, has joined the Association of Banks of Russia (ABR) to share its regulatory experience with Russian financial institutions and....
Community expectations have long been that banks would adopt XRP, but the reality has been disappointing Amid a difficult year for the payments-focused cryptocurrency, Ripple’s CTO David Schwartz has recently taken to Twitter to discuss with community members why banks have been reluctant to adopt XRP as a bridge.During an exchange with a member of the Ripple community last week, Schwartz explained that there are a set of obstacles Ripple is facing that has led to banks' reluctance to use XRP to settle cross-border transactions.Schwartz wrote that he sees issues such as, “Regulatory....