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e& Egypt has launched its first instant international money transfer service via the e& Cash digital wallet, allowing users to receive funds instantly from the UAE and Saudi Arabia without needing physical branches. This initiative, in partnership with Banque du Caire, aims to enhance financial inclusion and reduce cash dependency, benefiting millions of Egyptians reliant on remittances. Users can enjoy a seamless experience and have a chance to win prizes up to EGP 1 million as part of the launch campaign.
Tether is exploring the development of a US stablecoin aimed specifically at institutional investors. This move reflects the growing demand for stable digital currencies in the financial sector, as institutions seek reliable options for transactions and investments.
Tether Holdings SA is exploring the launch of a US-based stablecoin targeted at institutional clients, driven by a favorable regulatory environment. CEO Paolo Ardoino highlighted the potential impact of a stablecoin bill progressing in Congress, noting that the company is awaiting the final wording before making decisions.
e& Egypt has launched an instant international money transfer service via its e& Cash digital wallet, allowing users to receive remittances instantly from the UAE and Saudi Arabia. This initiative, developed with Banque du Caire, supports the Central Bank of Egypt’s goals for financial inclusion and offers a faster alternative to traditional remittance methods. To celebrate the launch, e& Egypt is running a campaign with prizes up to LE 1 million, with plans to expand the service to more remittance corridors in the future.
Revolut has received approval from the Reserve Bank of India (RBI) to operate as a provider of prepaid payment instruments (PPIs) and digital wallets. This development marks a significant step for the fintech company in expanding its services in the Indian market.
Stablecoins are positioned as a key mechanism to maintain the dominance of the US dollar in the evolving financial landscape. According to a Web3 CEO, their stability and reliability make them essential for the future of digital currencies and economic transactions.
India is poised to become a leading data hub as the demand for data centres continues to rise. This trend is supported by increasing investments and a growing digital economy, positioning the country as a preferred destination for data management and storage solutions.
Satoshi Nakamoto celebrates his 50th birthday as Bitcoin achieves a significant milestone by becoming a reserve asset for the United States. This development marks a pivotal moment in the cryptocurrency's evolution and its acceptance in mainstream finance.
Bitcoin's role is shifting from being viewed as "digital gold" to a key market performance indicator, according to Swiss financial institutions. Its volatility and close ties to risky assets have diminished its status as a safe haven, prompting experts to reassess its value in the cryptocurrency ecosystem. Despite this, Bitcoin remains a crucial benchmark for market sentiment, influencing the performance of altcoins and the broader crypto market.
Karin Keller-Sutter, the Liberal-Radical Finance Minister, emphasizes that the Federal Council will not be swayed by UBS's lobbying efforts following its takeover of Credit Suisse. Amid concerns over the banking giant's influence, there are calls from parliament to strengthen UBS's capital reserves, while UBS insists its current requirements are adequate. The bank has threatened to relocate its headquarters if Swiss regulations become too stringent, but Keller-Sutter remains resolute against yielding to such pressures.
Central Banks and Digital Currencies
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e Egypt launches instant international money transfers through e Cash wallet
09:24 08.04.2025
Tether explores institutional US stablecoin options for the future
11:14 07.04.2025
Tether explores US stablecoin launch targeting institutional clients amid regulatory changes
10:55 07.04.2025
e Egypt launches instant international money transfer service for users
02:00 07.04.2025
Revolut receives approval from RBI for payment instruments and wallets
01:54 07.04.2025
stablecoins as a key to maintaining us dollar dominance according to web3 ceo
22:02 06.04.2025
India emerges as a leading data hub amid rising data centre demand
09:53 06.04.2025
Satoshi Nakamoto celebrates 50 as Bitcoin gains US reserve asset status
13:33 05.04.2025
bitcoin shifts from digital gold to key market performance indicator
20:27 04.04.2025
Keller-Sutter stands firm against UBS lobbying amid banking concerns
19:00 04.04.2025
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