Canada: digital currency requires a global approach

Bank Governor Tiff Macklem told Reuters that the central bank is working with G7 to develop its digital currency plans, an important aspect of its approach to stop criminals from abusing the currency.

“Currencies move across borders, and so we certainly wouldn’t want to be surprised by some other country,” he said in the report. “It will be important for us to share information about what each of us is doing, is planning and when we could do it.”

However, he downplayed the progress by noting that there is no compelling need for a coin “right now”.

In other news, blockchain tech firm Ripple plans to invest in MoneyTap, a blockchain payment solution owned by SBI Holdings, according to CoinDesk.

The amount invested has not been disclosed, but the alliance is appropriate, as MoneyTap was launched in 2018 by SBI Ripple Asia, a joint venture between SBI Holdings and Ripple.

MoneyTap allows its users to transfer funds with a QR code or their phone number, CoinDesk reported. The app uses RippleNet, Ripple’s global financial payments network, to provide international remittances, corporate payments, and peer-to-peer (P2P) transfers.

And, the cryptocurrency storage platform Casa has added the ability for customers in the United States to purchase bitcoins, the keeper announced in a blog post.

After adding a bank account to the service, users can purchase up to $ 5,000 in bitcoins per week – or $ 20,000 per month – with a 0.99% fee applied to all purchases. Customers have a maximum purchase amount of $ 240,000 per year.

“When done right, keeping your bitcoin is much safer than keeping it on an exchange,” the crypto platform said in the post, stating that helping users hold their digital coins helps give them “full control and full sovereignty “over their money.

Home users can also choose to keep their personal information private on the platform and buy bitcoins using a pseudonym.