Digital currency stories

Visa has selected New Zealand payments startup Cymonz for the 2022 cohort of its Visa Accelerator Programme in Asia Pacific.

Bankless Times has recently carried out research that highlights an increase of 4200% in global Bitcoin ATMs in the past six years. 

Digital money transfer numbers are expected to significantly grow in the coming year in Australia and around the world, according to WorldRemit managing director APAC Scott Eddington.

A new report by RiskBusiness Services Limited has revealed various challenges and opportunities that businesses could face in 2022 while also exploring new horizons for financial services firms.

Bitcoin is likely to record its worst monthly performance since May, but the CEO of a global financial giant says you should 'ignore the crypto deniers' if you want to seriously build your wealth for the long term.

By 2024, 20% of large organisations will use digital currencies for payments, stored value or collateral, according to the analyst firm Gartner.

“We’re seeking public input on how we should perform our role as steward of money and cash, and how we should assess the case for central bank money in a digital form alongside cash."

The solution is designed to enable businesses to offer customers compliance and regulatory infrastructure, cross-border payments infrastructure, real-time FX for overseas card transactions, access to a global banking network and more.

"As a privacy project, decentralisation is essential for long term sustainability which includes governance and funding."

Those who control the most widely used currencies also control a great deal of the global economy, and it is time for New Zealand to get in the game.

Whether it's cryptocurrency salaries or a central digital currency, no agency is quite sure how to tackle this upcoming payment trend.

"We couldn’t issue a digital currency if it might undermine financial stability, and there are considerable risks on this front."

This has been deemed the largest cyptocurrency breach of all time but Coincheck has been praised for promising to refund its 260,000 customers.

A hacker hijacked Black Wallet to steal around $440,000 from Bitcoin rival Stellar Lumen - High Tech Bridge's CEO says it was simple to prevent.