Digital Wallet

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Sanctioned Russian Bank Tests In-app Operations With Digital Rubles

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A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with Moscow’s actions in Ukraine. Russian Bank Experiments With Digital Ruble Transfers via Mobile Application … Read more

The Central Bank of Colombia Is Studying the Creation of a Digital Currency

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The Central Bank of Colombia is studying the launch of a digital currency, according to statements made by its manager, Leonardo Villar. The organization is evaluating the launch of this instrument as a means of unifying the different digital wallets in the country, making them interoperable and easier to use for customers. Central Bank of … Read more

Argentinian Tax Authority Will Be Able to Confiscate Digital Wallets to Collect Tax Debts

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The Argentinian Tax Authority (AFIP) will now be able to confiscate the assets that taxpayers have in digital wallets if they have debts with the organization. The recommendation for attorneys of this institution to include these digital accounts was made last year, but the execution of debt collection was suspended during the Covid-19 pandemic period. … Read more

European Union to Release Digital Wallet for Payments Next Year

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The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information. The wallet, which will reportedly be launched next year, could be tied in with the digital euro project, a … Read more

Skrill Continues Its American Crypto Market Expansion by Partnering Up With Coinbase

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By embedding Coinbase-powered solutions in its platform, Skrill adds 11 more American states to its service list, enabling more users to buy and sell cryptocurrencies easily. Integration Opens Doors for Paysafe’s Skrill Users to Instantly Buy and Sell Cryptocurrencies In another strategic move designed to grow its presence in the American cryptocurrency ecosystem, Paysafe’s digital … Read more

Visa Moving to Integrate With Digital Currency Platforms

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Visa says it is working to integrate digital currencies with its existing global network of 61 million merchants. The global payments technology giant is working with two licensed and regulated digital currency platforms, Coinbase and Fold. In a blog post, Visa says the emergence of fiat-backed digital currencies or stablecoins promises a new payment innovation … Read more