Cash is safe says RBA, no need for digital currency
The Reserve Bank of Australia has rejected a digital currency and issued a firm vote of confidence in the future of cash in our economy.
Smartphone payments soar as digital wallets gain traction
Figures from banks show the use of digital wallets – smartphone payments or wearable devices that can make payments – is soaring.
PayPal on crime-fighting crusade as virus drives online payment surge
“Post COVID will be a very different world for e-commerce and payments,” said PayPal Australia’s new chief executive, Paul Ryan.
Bitcoin is ‘digital gold,’ says Finder.com co-founder
“I’m a big believer in Bitcoin,” said Finder.com Co-founder Fred Schebesta. “I think it’s like digital gold. I think it will last on and on and on.”
Bitcoin continues surge, is up 70 per cent this month
Bitcoin jumped as much as 10% since Friday as it extended the best one-month rally since before the token’s historic surge in 2017.
This is what’s causing the latest bitcoin price surge
The ongoing U.S.-China trade war and a forthcoming cyclical halving in 2020 are two big reasons for the bitcoin price surge.
Central banks say digital currency is definitely coming, crypto is maybe coming
Neither cash nor card looks like it will be king in the future. Uruguay, Sweden and emerging economies are among the countries most likely to implement digital currencies first. Most central banks don’t really know what’s going on with cryptocurrency usage in their countries, but believe it to be minimal. Central banks perceive more current and future use of cryptocurrency in cross-border payments than domestic payments. Most countries have given at least a passing glance at central bank digital currency (CBDC). This is exactly what it sounds like – a digital currency issued by a central bank. And many of them are now getting more hands on, according to a […]
ING – ‘Australia’s oldest fintech’ – is reporting a sudden surge in customer growth
The CEO of ING Australia, Uday Sareen, sees his bank as Australia’s oldest digital finance house. “We are Australia’s oldest fintech and we are profitable,” Uday Sareen told Business Insider as the bank announced its full year results. ING had record customer growth in 2017, adding more than 300,000, or almost a third, to hit 1.36 million active customers. Statutory net profit after tax was up 18% to $348 million.“We’re proud of what we’ve achieved this year,” says Sareen. The Dutch multinational banking and financial services group, which entered Australia in 1999, now has 1,178 employees and holds 3% of the local banking market.Sareen believes ING is at a tipping […]
