United States: Companies Enable Crypto Payments, Reports Address Market Developments
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A major U.S. fintech and payments company recently announced
that it has begun allowing its customers to buy, sell and hold
cryptocurrency directly through its peer-to-peer payments app.
Users are permitted to choose among bitcoin, ether, litecoin and
bitcoin cash for their transactions, and they also can access
in-app tutorials to learn more about cryptocurrencies. The
company’s parent company previously obtained a BitLicense from
the New York State Department of Financial Services, which enabled
this new offering, according to the company’s press release. In
related developments this week, a major U.S. news magazine
announced that it is now accepting payment in cryptocurrency for
digital subscriptions to its content, and a global shared-workspace
provider announced that it will begin accepting payment in various
Gemini, a regulated cryptocurrency exchange, has issued its “2021 The State of U.S. Crypto Report,” accessible on the
company’s website. The report contains the results of a survey
of nearly 3,000 investors and cryptocurrency-curious consumers and
focuses on key trends identified by the survey.
A Big Four accounting firm released its newly launched “Global CBDC Index,” which the firm states was issued to
allow readers to monitor the ongoing transformation caused by
Central Bank Digital Currencies (CBDCs) globally. According to a
press release, the index is “designed to measure a central
bank’s level of maturity in deploying their own digital
currency” and focuses on two main CBDC operational designs:
retail CBDCs, which are held by individuals and corporates, and
interbank, or wholesale, CBDCs, relating to financial
Also this week, a large international bank and credit-card
issuer released its Global Perspectives and Solutions report, which
addresses CBDCs, China’s work in developing its own CBDC,
stablecoins and cryptocurrencies, among other major topics. The
report notes the soaring interest in cryptocurrencies and notes
that among other effects, the tokenization of money could modify,
reduce or eliminate the roles of incumbent financial intermediaries
and existing payment forms, such as checks and cards.
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