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Singapore-based startup Dtcpay is set to launch a new payment system tailored for both cryptocurrencies and traditional fiat currencies.  Dtcpay reportedly entered into a strategic partnership with the open-source blockchain platform, PlatON, and Chinese payment solution provider, Allinpay International. The aim is to establish a privacy-protected digital payment infrastructure. #dtcpay is proud to be joining forces with @PlatON_Network , a privacy-preserving digital public infrastructure provider, and @allinpayintl , a globally recognized #Fintech #payments solution. Read the full announcement here: https://t.co/Aqcyd19HRO #Web3 #Crypto — dtcpay (@dtc_pay) November 9, 2023 The collaboration will center around the creation of smart point of sale (POS) terminals, capable of supporting numerous digital currencies including Tether (USDT), Ethereum (ETH) and Bitcoin (BTC).  Previously known as the Digital Treasures Center, Dtcpay has made a name for itself offering st...

US Congressman Ronny Jackson says central bank digital currency, or CBDC, is a trojan horse for global elites. In response to the House Majority Whip Tom Emmers‘ push towards the passage of a new bill, Ronny Jackson shared support for the fight against CBDC. A Central Bank Digital Currency is a TROJAN HORSE! The global elites want to use it to control YOUR freedom. I am a proud co-sponsor of the CBDC Anti-Surveillance State Act & thank you @GOPMajorityWhip for getting this important legislation passed out of committee yesterday. https://t.co/ZHlNqxophH — Ronny Jackson (@RepRonnyJackson) September 21, 2023 Also Read: House Committee Passes Bill to Ban FED from Creating a CBDC Congressman Jackson, a representative of Texas, calls the CBDC a “trojan horse,” which will be weaponized against the privacy of the people. He adds that “global elites want to use it to control YOUR freedom.” He says he is a proud cosponsor of the CBDC Anti-Su...

Preliminary outcomes from countries where central bank digital currencies (CBDCs) have been introduced show mixed results. Despite widespread exploration and a handful of launched projects, CBDCs are yet to achieve global adoption.  According to an Atlantic Council report, 130 countries and currency unions are exploring CBDCs, with 11 nations having launched their digital currencies.  Сountries launched, testing or developing CBDCs, as of July 2023 | Data source: Atlantic Council This rapid pace of exploration is a significant increase from May 2020, when only 35 countries were considering a CBDC. Now, 64 countries are in an advanced exploration phase, including development, pilot, or launch. The European Central Bank (ECB) is on track to pilot its digital euro, while Australia, Thailand, Russia, and several other nations are continuing their pilot testing. In contrast, the United States’ progress on retail CBDC has somewhat stalled, but it’s forging ahead wit...

Also Read: Bitcoin Price: Why Russia Military Coup Is Bullish For Crypto Market advertisement In recent times, several India n banks have been rolling out the pilot of Digital Rupee e₹ project. Platforms launched by these banks offer e₹ wallet and enable customers to transact in e-Rupee. Kotak Mahindra Bank – Ripple Partnership In 2018, Kotak Mahindra Bank joined Ripple ’s enterprise blockchain network Ripple Net to work on cross border transactions. The deal also involved Ripple ’s settlement solution, with an eye to solve the global payments problem. Hence, it is being speculated if the same Ripple technology is powering the bank’s new E-Rupee project. Recently, the bank sent out emails to select customers inviting them to be a part of a Closed User Group (CUG) as part of the project. However, it is likely that only the Ripple tech products are involved in the project and not the XRP token. With Ripple Net, banks can...