Bitcoin Can’t Drive Financial Inclusion for Unbanked But CBDC Can says Mastercard CEO

Ajay Banga, the CEO of Mastercard believes Bitcoin is unable to function as an inclusive currency for the world’s unbanked as the cryptocurrency is too volatile and lacks transparency. The CEO of payments giant Mastercard believes that central bank digital currencies (CBDC) will be far better suited to drive financial inclusion than, Bitcoin which he…

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France Braces for Economic Suffering as Lockdown Returns: Live Updates

1 Views Here’s what you need to know: Shoppers on Wednesday in Bordeaux, France.French officials expect the new lockdown will have a severe effect on many businesses.Credit… Philippe Lopez/Agence France-Presse — Getty Images France was bracing for a fresh blow to its beleaguered economy as President Emmanuel Macron reimposed a nationwide lockdown through December to…

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Honeywell (HON) Takes Different Quantum Computing Path Than Google (GOOG), IBM – Bloomberg

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Covid Pandemic: Eli Lilly (LLY), Regeneron (REGN) Race on Antibody Treatments

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Socialists Regain Power in Bolivia But Luis Arce Faces Debt and Poverty – Bloomberg

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Why experts on both political sides say Biden’s corporate tax proposal is ‘problematic’

Yahoo Finance Why experts on both political sides say Biden’s corporate tax proposal is ‘problematic’ Daniel Roberts · Editor-at-Large October 29, 2020, 5:38 PM · 5 mins read Among Joe Biden’s economic policy proposals, his plan to raise the U.S.corporate federal income tax rate to 28% from 21% has captured a lot of headlines.(Former Trump…

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China’s digital yuan aims to halt US ‘dollarisation’, boost retail payments, former central bank governor says

n Former central bank governor Zhou Xiaochuan says China’s digital currency aims to push back against US dollar hegemony and boost retail payments n Unlike G7 central banks, China is less concerned with the challenges raised by Libra, bitcoin and other cryptocurrencies, Zhou says n Former central bank governor Zhou Xiaochuan says China’s digital currency…

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