Drive - Page 2 of 135

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

Blockchain-powered driving licenses were made available as an option in South Korea in May. Blockchain Digitizes South Korea Since then, one million South Koreans have already leveraged this blockchain alternative, giving up their physical driver’s license. The blockchain-based driving license is offered to South Koreans, along with the PASS smartphone app, which is a transportation and travel app. Through the application, South … Continue reading Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

Central Bank of Brazil Forms a Digital Currency Study Team to Drive CBDC Research Forward

The Central Bank of Brazil is planning the potential issuance of a Central Bank Digital Currency (CBDC) carefully by setting up a research team dedicated to evaluating the benefits of launching a digital format of ‘Brazil real’ currency. Brazil looks into CBDC issuance and its benefits The objective of the research and development team for the Central Bank of Brazil is … Continue reading Central Bank of Brazil Forms a Digital Currency Study Team to Drive CBDC Research Forward

How Banking Difficulties Drive Crypto Adoption in Latin America

Blockchain analytics firm Chainalysis recently published research indicating how unbanked individuals and businesses in Latin America are using cryptocurrencies as a speculative investment, a store of value, and a means of exchange. An inefficient banking sector in Latin American countries has pushed some individuals and businesses to embrace the use of cryptocurrencies. The ongoing COVID-19 pandemic … Continue reading How Banking Difficulties Drive Crypto Adoption in Latin America

Galaxy Digital CEO Mike Novogratz Says Launch of Digital Euro Will Drive Bitcoin Adoption

Galaxy Digital CEO Mike Novogratz has responded to a recent announcement made by the European Central Bank president Christine Lagarde that the European Central Bank (ECB) will issue its own digital currency. Novogratz does not believe that Bitcoin would be threatened by the digital euro. He instead says that the ECB issuing its own digital currency … Continue reading Galaxy Digital CEO Mike Novogratz Says Launch of Digital Euro Will Drive Bitcoin Adoption

Can CBDC Drive Financial Inclusion?

CBDC, or Central Bank Digital Currency, has long garnered the attention of several nations across the globe. Countries such as China, South Korea, Brazil, and Japan are diligently working towards making their sovereign digital currency a reality, taking measures to accelerate its launch. Meanwhile, the Caribbean nation of Bahamas plans to release the Sand Dollar, … Continue reading Can CBDC Drive Financial Inclusion?

KPMG Unveils Blockchain-Based Climate Accounting Tool To Help Drive Environmental Sustainability

Multinational professional services firm and one of the Big four auditing firms, KPMG is set to offer a blockchain-based tool dubbed the Climate Accounting Infrastructure (CAI) to help organizations more accurately measure, mitigate, report, and offset their greenhouse gas emissions. Per the official KPMG announcement, the patent-pending Climate Accounting Infrastructure will be able to analyze climate … Continue reading KPMG Unveils Blockchain-Based Climate Accounting Tool To Help Drive Environmental Sustainability

Bitcoin Can’t Drive Financial Inclusion for Unbanked But CBDC Can says Mastercard CEO

Ajay Banga, the CEO of Mastercard believes Bitcoin is unable to function as an inclusive currency for the world’s unbanked as the cryptocurrency is too volatile and lacks transparency. The CEO of payments giant Mastercard believes that central bank digital currencies (CBDC) will be far better suited to drive financial inclusion than, Bitcoin which he … Continue reading Bitcoin Can’t Drive Financial Inclusion for Unbanked But CBDC Can says Mastercard CEO

WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy

The World Economic Forum (WEF) has highlighted blockchain technology as one of the key emerging technologies that can drive sustainable digital finance and create a low-carbon economy. Speaking at the WEF’s Green Horizon Summit on Nov. 11, UBS Chief Operating Officer, Personal and Corporate Banking, Karin Oertli said that blockchain technology, big data, artificial intelligence (AI), … Continue reading WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy

Ripple Swell 2020: Clear Regulations and CBDC Will Drive Cryptocurrency Adoption Forward

During the Ripple Swell 2020 panel, financial leaders virtually discussed the regulatory framework for crypto assets and how crypto adoption could be transformed to onboard more users. With the emergence of the cryptocurrency and blockchain industry, financial institutions from around the world have had a different approach in dealing with cryptocurrencies, with some moving faster … Continue reading Ripple Swell 2020: Clear Regulations and CBDC Will Drive Cryptocurrency Adoption Forward

Christmas Market Could See Santa Rally Drive Ethereum, XRP Prices Higher and Bitcoin to $20K

After stagnation in the crypto markets last week, Bitcoin has stormed into the holiday season with a fresh price surge above $19,000—with many investors anticipating that the Christmas market conditions will see the BTC price finally conquer the $20,000 barrier. In 2020, the Bitcoin price gained over 160% since the start of the year, triggering … Continue reading Christmas Market Could See Santa Rally Drive Ethereum, XRP Prices Higher and Bitcoin to $20K