Australia Prepares for a Cashless Future: Analysis and Implications

Australia Prepares for a Cashless Future: Analysis and Implications

24/09/2023 6:45 | Analysis Australia is working to increasingly eliminate cash transactions and is preparing to move to a “cashless future” that some believe could become a reality as early as the next decade. Some Australian banks are already beginning to refuse cash from their customers, and if Australians come across a branch where physical … Read more

The Impact of Declining Card Acceptance on Cash Usage in the Czech Republic: Results from a Recent Survey

The Impact of Declining Card Acceptance on Cash Usage in the Czech Republic: Results from a Recent Survey

A quarter of people in the Czech Republic have encountered the fact that they stopped accepting payment cards in a store. Residents of the eastern half of the country noticed this problem more often. This follows from a June survey conducted by the STEM/MARK agency among 509 respondents for the ATM provider Euronet. The authors … Read more

Digital Ruble: Russia’s Solution to International Payments Amid Sanctions

Digital Ruble: Russia’s Solution to International Payments Amid Sanctions

Work on the digital ruble began as early as 2021, i.e. before the invasion of Ukraine by Russian troops. However, due to the sanctions, the issue of its introduction is even more urgent. Last year, as part of sanctions, Western countries blocked leading Russian banks from accessing the SWIFT international payment system. For example, Russians … Read more

PayPal Launches PYUSD: A Stablecoin Backed by Dollar Reserves and Bonds

PayPal Launches PYUSD: A Stablecoin Backed by Dollar Reserves and Bonds

PayPal has been flirting with cryptocurrencies since 2020, allowing its users to buy, sell, and make payments using several tokens, including, for example, Bitcoin. It is actively entering the world of cryptocurrencies only now, when it launches its own stablecoin. Stablecoin is quite different from classic cryptocurrencies such as Bitcoin or Ethereum. It is tied … Read more