Visa is working to integrate stablecoins into existing payment systems, seeing an opportunity to maintain its market leadership as these tokens gain traction, Visa’s head of crypto, Cuy Sheffield, said in an interview. Stablecoins, cryptocurrencies typically pegged to the US dollar, allow funds to be moved outside traditional banking systems. While their circulation has surged,…
A notification popped up on my LinkedIn the other day. Africans were doing a traditional celebratory dance at the Africa Stablecoin summit in Johannesburg. The picture gave me a sinking feeling. Why? While stablecoins can advance financial inclusion in Africa, could this celebration mark the potential transfer of monetary sovereignty from African economies to the…
Mastercard is in late-stage talks to acquire crypto start-up Zerohash for between US$1.5-billion and $2-billion, Fortune reported on Wednesday, citing five sources familiar with the matter. If the deal goes through, it would be Mastercard’s one of the biggest bets yet on stablecoins, the report said, adding that the talks might still fall through. Mastercard…
Stablecoins and central bank digital currencies (CBDCs) are gaining traction worldwide, and the South African Reserve Bank has told TechCentral it is watching the developments closely as it considers if – and how – the technologies could be implemented in South Africa. US President Donald Trump last month signed the Guiding and Establishing National Innovation…
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets. The state council — China’s cabinet — will review and possibly approve a road map later this month…
