On November 8, 2021, Mastercard made an important announcement regarding their payment systems in the Asia-Pacific region. Because of the company’s partnerships with Amber Group, Coinjar, and Bitkub, anyone in the region will now be able to apply for a crypto-linked Mastercard. This will allow users to instantly convert their cryptocurrency into fiat dollars which they can spend wherever you can use a normal card. This doesn’t mean that people will be paying for their purchases in Bitcoin (BTC) or other coins, but instead Mastercard does an instant transfer from crypto to fiat. This allows for buyers to use the card at any merchant that accepts normal cards, which gives…
Singapore’s DBS bank launches previously leaked crypto exchange
The bank will also conduct security token offerings, allowing firms to raise capital by digitizing financial assets such as shares in unlisted companies, bonds, and private equity funds
DBS’ crypto asset trading platform will support the trading of bitcoin, ether (ETH), XRP and bitcoin cash (BCH) against the yen, and U.S., Singapore, and Hong Kong dollars. The platform could launch as soon as next week. It is 10% owned by Singapore Exchange.
Singapore bank accidentally announces forthcoming cryptocurrency exchange
Top Singapore lender DBS briefly put a webpage up announcing a multicurrency exchange with custody service, deleting the announcement within minutes
The page—which is not available anymore—read "Digital assets are poised to be the future of tomorrow’s digital economy. [...] With DBS Digital Exchange, a bank-backed digital exchange, companies and investors can now leverage an integrated ecosystem of solutions to tap the vast potential of private markets and digital currencies.”
Blockchain technology will drive digital cities: Report
A new study predicts four technologies, including AI, internet of things, and 5G will have a $721 billion impact on the 60 largest digital cities over a decade
New York City is and will remain the digital capital of the world—and blockchain is one of the technologies that will get it there, according to a new report.