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The End of Physical Cash is an Inevitable Reality and Not to be Feared Says Union Bank President

The End of Physical Cash is an Inevitable Reality and Not to be Feared Says Union Bank President

As the world tries to come to terms with the coronavirus outbreak, recently Edwin Bautista chief executive and president of UnionBank of the Philippines revealed how digital services could support consumers as they increasingly self-isolate themselves or have to work remotely for an extended timeframe. The fintech leader projected the end of cash as the coronavirus crisis provokes banks to fast track the shift towards digital. But will the end of physical cash become a reality? The trend towards cashless remains inevitable as the current events seem to accelerate this process.

CBDCs on the Rise: What the Decline of Physical Cash Means for Blockchain and Privacy

CBDCs on the Rise: What the Decline of Physical Cash Means for Blockchain and Privacy

The decline in the use of physical cash raises important questions about the loss of personal freedom and privacy. As central banks explore the development of CBDCs, the design and implementation of these digital currencies will play a critical role in balancing convenience and personal liberties.

Fed Chairman Powell Says Central Bank Digital Currency Would Need to Coexist with Traditional Cash

Fed Chairman Powell Says Central Bank Digital Currency Would Need to Coexist with Traditional Cash

While speaking at a virtual payments conference hosted by the Basel Committee on banking supervision, Federal Reserve Chairman Jerome Powell said that central bank digital currencies would need to be complementary to physical cash.

Bitcoin Cash ABC (BCHA) Stays Afloat and Is Up 70%, Will The Blockchain Fork Make It?

Bitcoin Cash ABC (BCHA) Stays Afloat and Is Up 70%, Will The Blockchain Fork Make It?

Despite being blocks behind Bitcoin Cash Node after the split from Bitcoin Cash, lead developer Amaury Séchet’s Bitcoin Cash ABC (BCHA) has up to now survived.

Canada-Based Tahini's Restaurants Trades Entire Cash Reserves For Bitcoin

Canada-Based Tahini's Restaurants Trades Entire Cash Reserves For Bitcoin

Tahinis Restaurants announced that it would be converting all of its cash reserves into Bitcoin.

Bakkt Cash Integrated Directly with Starbucks Payment App

Bakkt Cash Integrated Directly with Starbucks Payment App

Bakkt President Adam White has announced the Bakkt Cash integration with the Starbuck mobile app.

How to Buy Bitcoin Cash in South Korea: Bitcoin.com and Mecon Cash Will Enable BCH Withdrawals at ATMs

How to Buy Bitcoin Cash in South Korea: Bitcoin.com and Mecon Cash Will Enable BCH Withdrawals at ATMs

A strategic partnership between Bitcoin.com and Mecon Cash made it possible for Bitcoin Cash to be added to Mecon Cash’s M.Pay platform which has over 13,000 ATMs in South Korea, thereby making the withdrawal of BCH to South Korea nationals easy especially in places that are yet to integrate peer-to-peer electronic cash transactions.

PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

The series B offering was led by Valar Ventures, which is a venture capital company backed by PayPal co-founder Peter Theil. Other investors in the offering round included Winklevoss Capital, Avon Ventures, Morgan Creek Digital, CMT Digital, PJC, and Akuna Capital. New investors included Purple Arch Ventures, Arrington XRP Capital, Kenetic Capital, HashKey Capital, and Castle Island Ventures.

Grayscale Investment Company Receives FINRA Approval to Trade Bitcoin Cash and Litecoin Publicly

Grayscale Investment Company Receives FINRA Approval to Trade Bitcoin Cash and Litecoin Publicly

US regulators have approved shares of Grayscale Investment’s Litecoin and Bitcoin Cash Trusts for public trading.

Bitcoin Cash (BCH) Hard Forks into Two New Blockchains Following Disagreement on Miner Tax

Bitcoin Cash (BCH) Hard Forks into Two New Blockchains Following Disagreement on Miner Tax

Bitcoin Cash (BCH), a hard fork from Bitcoin, has once again split and created two new blockchains after a disagreement between two BCH clients.

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

The United States Commodities and Futures Trading Commission (CFTC) confirmed that LedgerX has not yet been approved to offer physically-settled Bitcoin futures in contrary to previous announcements.

Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash

Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash

Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances. Adjustments to the fees in that category of transactions will also be made.

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