Payment Expert’s Blockchain Bulletin analyses how the world of blockchain is constantly evolving and heavily impacting the payments industry, with cryptocurrencies, NFTs and the metaverse revolutionising the space.
This week, Payment Expert explores the limitless possibilities of tokenisation with Otonomos and the European Central Bank reveals some key details regarding the accessibility and privacy functions of its Digital Euro CBDC.
Has Tokenisation become the new financial innovation?
Tokenisation is quickly becoming one of the most groundbreaking innovations in the financial space, with the likes of Mastercard and Visa at the forefront of its burgeoning adoption.
With tokenisation becoming one of the first transcendent elements of blockchain, its benefits were felt in crypto long before it entered the mainstream financial sphere.
Analysing why tokenisation is set to transform not just the financial industry, but a plethora of sectors, Han Verstraete, CEO of tech and crypto legal compliance firm Otonomos, writes for Payment Expert on what the benefits of tokenisation means for both businesses and consumers.
Will a Digital Euro provide financial freedom?
In a recent blog post this week, European Central Bank (ECB) Executive Board Member Pietro Cipollone explained in detail as to why a Digital Euro will give greater access to the digital currency and why it can coexist alongside its Euro counterpart.
As the ECB continues its progression on its Central Bank Digital Currency (CBDC) efforts, questions have arised over what will Europe’s design and functionality look like, whilst people have also raised concerns over privacy and concern measures.
Cipollone revealed that the Digital Euro will have the “highest privacy standards in the world” and will be available to every European Union citizen, young and old, to be able to pay in a new form of currency and adding another element to the transaction cycle.
EURT delisted on Bitstampt to comply with MiCA
Cryptocurrency exchange Bitstamp will delist the Tether EURT stablecoin to meet Markets in Crypto Assets (MiCA) regulations before coming into force on 30 June.
According to MiCA rulings, EURT does not meet the electronic money tokens (EMTs) requirements, ultimately forcing Bitstamp to delist the stablecoin from its offerings.
UK youth want crypto voices to be heard in election debates
The UK is quickly positioning itself as one of the leading countries focused on digital asset innovation and regulation.
However, according to a study from Zumo, young adults want crypto and digital assets to be discussed more in the lead up to the general election in July, with more than a third of UK young adults believing crypto is an important electoral issue.
Solana to solve memecoin trading issues via new launch
In a bid to make the social media-to-crypto link more seamless, Solana has launched a new function that will simplify memecoins to be accessed and traded on platforms.
‘Actions and Blinks’, developed by the Solana Foundation, will allow those on the blockchain network to trade memecoins directly from social media and websites, as well as interact with trends associated with memecoins, such as $DOGE on X.
