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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Digital dollars could make the leap from concept to reality, but there might be a few ways to get there.

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Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

PYMNTS

Cleveland Federal Reserve President Loretta Mester said in a speech in September that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America (seemingly taking the approach that we are seeing in the Bahamas).

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Fed, Central Banks Frame Criteria For Digital Currency

PYMNTS

The worldwide COVID-19 pandemic has accelerated cashless payments and highlighted the impact of technology on how money is exchanged, Jon Cunliffe , deputy governor at the Bank of England (BoE) and chair of a BIS committee on payments, said in a Reuters report on Friday (Oct. The Fed also launched an instant payment initiative in August.

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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

The 39 percent reduction came as investors rejected the company’s valuation, noting it should be priced as a consumer or financial company rather than a technology business, one of the sources said, according to Bloomberg. Last month, Gilbert sought an IPO for $3.3 Rocket describes itself as the largest retail mortgage lender in the U.S.

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Overstock CEO: Why Immunity Passports Could Move Blockchain Tech Mainstream

PYMNTS

These startups are leveraging blockchain technology to create app-based solutions that will let individuals download and control their health records and selectively share them with businesses, industries and health organizations. That’s why Overstock ’s investment arm Medici Ventures has turned toward firms like Evernym and Vital Chain.

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Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

“Today, authorities around the world are grappling with the rise of digital currencies and decentralized finance based on both emerging technologies — particularly various combinations of distributed ledger technology (DLT) and blockchain and advances in traditional centralized systems underpinning finance,” according to the report.

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5 Questions With… KeyBank Consumer and Digital CIO Kim Snipes

BankInovation

Technology investment at KeyBank is nothing if not dynamic. The Cleveland-based bank had a digitally driven calendar year, partnering with Laurel Road for an online lending platform in March 2021 and acquiring payments fintech XUP Payments in November 2021.