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Visa Inc. said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance in the established financial system.
March 29
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Democratic leaders are encouraging the Federal Reserve to develop its own digital currency to expand financial services access. Chair Jerome Powell indicated the central bank plans to take a methodical approach.
March 22![“We have an obligation to be on the cutting edge of understanding the technological challenges, as well as the potential costs and benefits, of issuing a [central bank digital currency],” said Fed Chair Jerome Powell. But, he added, "Because we’re the world’s principal reserve currency, we don't need to rush this project, and we don't need to be first to market.”](https://arizent.brightspotcdn.com/dims4/default/aeb3835/2147483647/strip/true/crop/3000x1688+0+0/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F25%2Fdc%2Fb4fb547245f29e576203fc912f94%2Fpowell-jerome-bl-032221.jpg)
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The overwhelming success of Square’s bitcoin trading service creates new opportunities for its bank to work with underserved markets.
March 2
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The overwhelming success of Square’s bitcoin trading service creates new opportunities for its bank to work with underserved markets.
March 2 -
The fintech that gave life to the mobile point of sale market is seeing that business overshadowed by the ever-rising popularity of cryptocurrency.
February 24
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The fintech that gave life to the mobile point of sale market is seeing that business overshadowed by the ever-rising popularity of cryptocurrency.
February 24 -
Citing strong client demand, the nation's largest custody bank is building infrastructure and a team that can help clients store and manage bitcoin and many other types of virtual currency and tokenized assets.
February 23
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Billionaire Elon Musk defended Tesla Inc.’s $1.5 billion Bitcoin investment on Twitter, calling the cryptocurrency a “less dumb” version of cash.
February 19
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Miami Mayor Francis Suarez proposed paying municipal workers and collecting taxes in bitcoin, expanding a campaign to promote cryptocurrencies.
February 12
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The trust bank and the credit card company said they'll make it easier for customers to use cryptocurrencies. The announcements contributed to another jump in the price of the largest digital asset.
February 11
![“We have an obligation to be on the cutting edge of understanding the technological challenges, as well as the potential costs and benefits, of issuing a [central bank digital currency],” said Fed Chair Jerome Powell. But, he added, "Because we’re the world’s principal reserve currency, we don't need to rush this project, and we don't need to be first to market.”](https://arizent.brightspotcdn.com/dims4/default/3951e3f/2147483647/strip/true/crop/3000x1688+0+0/resize/1440x810!/format/webp/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F25%2Fdc%2Fb4fb547245f29e576203fc912f94%2Fpowell-jerome-bl-032221.jpg)
