17Dec 2023 by admin
Worldcoin cryptocurrency

Worldcoin cryptocurrency

Economy
Founded in 2019 OpenAI CEO Samuel Altman announced in July a launch of new cryptocurrency who will change the world of finance. This new currency already has more than 2.5 million users worldwide and it is already on its way to become the star of crypto world. Many reason for new iris biometric cryptocurrency who will be the best as they say is a free ownership to everyone. Their aim is to become the world largest digital identity and financial network. Worldcoin will be the universal and global currency no matter your country or background. New cryptocurrency will be provided for free only if you scan your eyes. The users of this system are starting to have serious debate about (tracking personal biometrics). The answer from Worldcoin on the debate…
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12Dec 2023 by admin
Taiwan central banks & (CBDC) feasibility study

Taiwan central banks & (CBDC) feasibility study

Bank news
Taiwan start (CBDC) research in 2020 and today the central bank of Taiwan has completed a feasibility study for central bank digital currency (CBDC). On Dec. 7. Deputy Governor Mei-Lie Shu says in her speech on banking event that she saw the advantages of (CBDCs) and tokenization. „Central bank currency can serve as the operational basis for tokenization.“ Taiwan central bank has tested a pilot project with consumers and five commercial banks. The goal is to approach to further development of (CBDC) with no timeline for a decision says Mei-Lie Shu. Regarding (CBDC) research Fubon bank has join forces with Ripple and Hong Kong Monetary Authorities in a pilot project using Hong Kong’s e-HKD (CBDC). „But the results of CBDC showed that the application of distributed ledger technology (DLT) had…
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09Dec 2023 by admin
Australia to become first cashless country by 2025

Australia to become first cashless country by 2025

Economy
Digital transformation and the adoption of new technologies have been really well received by Australian citizens. Covid-19 accelerated this existing digital trend and many banks accepted with joy cashless payment system. Many banks started to close ATMs and branches and ban cash with one goal in mind to become cashless by the end of the decade. Bank Commonwealth, NAB and ANZ stopped handling cash in a few branches, and announced to close more ATMs and branches next year. Unlike other bank’s Macquarie Bank recently announced a complete transition to digital payments by November 2024. Money experts in Australia has warned citizen that banks could start „Cash rationing“ at ATMs. This move will be made because of lower demand for banknotes. However, should people be concerned about going cashless? „It is…
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