Payment Methods

Canada abandons plans to issue its own CBDC

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The Bank of Canada has decided not to move forward with the development of its digital currency, known as the digital Loonie, after several years of exploration that began in 2017. This decision comes amid rapid digitalization and changes in the ways Canadians pay, and follows a public consultation process in 2022. The bank confirmed … Read more

Swift aims to integrate fiat money with tokenized assets

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Key facts: The company said the multiplicity of platforms and technologies creates a complex environment. Swift is a system used by 11,000 financial institutions and more than 200 countries. Global financial messaging system Swift aims to consolidate the bridge between traditional finance and the digital asset ecosystem. The company announced that is studying ways to … Read more