{"id":4225,"date":"2020-12-15T12:44:06","date_gmt":"2020-12-15T12:44:06","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=4225"},"modified":"2020-12-15T12:48:54","modified_gmt":"2020-12-15T12:48:54","slug":"2020-digital-financial-services-recap","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/2020-digital-financial-services-recap\/","title":{"rendered":"2020 Digital Financial Services Recap!"},"content":{"rendered":"<p><a href=\"https:\/\/shop.ledger.com\/pages\/back-to-school?r=3ed9810a0800\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.ledgerwallet.com\/images\/promo\/banners\/ledger_banner_7-2-8x9-0.jpg\" alt=\"Back to school - Get 20% Off\" width=\"728\" height=\"90\" \/><\/a><\/p>\n<p class=\"p1\">January-Feb 2020:<\/p>\n<p class=\"p1\">Shopify joins Libra, Cash App users generate more than $30 in annualised revenue per user in December, but \u201cbitcoin actives generated 2-3x annual revenue\u201d<\/p>\n<p class=\"p1\">May 2020:<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">Visa seeks a patent for digital fiat currency &#8211; and the filing points to a central bank use case<\/li>\n<li class=\"li1\">Visa CEO Alfred Kelly said he views digital currencies backed by a fiat currency as a potential emerging payments technology at the J.P Morgan TMC Virtual Conference.<\/li>\n<li class=\"li1\"><\/li>\n<\/ul>\n<p class=\"p1\">July 2020:<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">PayPal reveals that it is developing crypto capabilities, reported buy\/sell offering through pacts<\/li>\n<li class=\"li1\">U.S. OCC says national banks can custody crypto<\/li>\n<li class=\"li1\">PNC and US Bank respond to OCC Letter \u2014 want further clarity on crypto custody and servicing<\/li>\n<li class=\"li1\">Revolut teams up with pacts to launch crypto service in the US<\/li>\n<li class=\"li1\">Mastercard announces expansion of cryptocurrency efforts, inks card deal with Wirex<\/li>\n<li class=\"li1\">Chinese finch giant Ant Group launches new blockchain brand \u201cAntChain\u201d<\/li>\n<\/ul>\n<figure id=\"attachment_4231\" aria-describedby=\"caption-attachment-4231\" style=\"width: 739px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-4231\" src=\"https:\/\/atozcrypto.org\/wp-content\/uploads\/2020\/12\/img-300x134.png\" alt=\"\" width=\"739\" height=\"330\" srcset=\"https:\/\/atozcrypto.org\/wp-content\/uploads\/2020\/12\/img-300x134.png 300w, https:\/\/atozcrypto.org\/wp-content\/uploads\/2020\/12\/img-1024x458.png 1024w, https:\/\/atozcrypto.org\/wp-content\/uploads\/2020\/12\/img-768x344.png 768w, https:\/\/atozcrypto.org\/wp-content\/uploads\/2020\/12\/img-850x380.png 850w, https:\/\/atozcrypto.org\/wp-content\/uploads\/2020\/12\/img.png 1350w\" sizes=\"(max-width: 739px) 100vw, 739px\" \/><figcaption id=\"caption-attachment-4231\" class=\"wp-caption-text\">source: The Block<\/figcaption><\/figure>\n<p class=\"p1\">August 2020:<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">Federal Reserve Bank Boston partners with MIT DCI on multi-year engagement to test and explore CBDC prototypes<\/li>\n<li class=\"li1\">ConsenSys acquires Quorum from JP Morgan<\/li>\n<li class=\"li1\">Cash App generated $875 million of bitcoin revenue and $17 million of bitcoin gross profit during the second quarter of 2020, up 600% and 711% year over year<\/li>\n<li class=\"li1\">Aggregate supply of stable coin passed $16 billion while stable coin transaction volume on blockchains surpassed more than $114B in a 4th consecutive monthly all-time high, and +5x the avg monthly volume in 2019<\/li>\n<\/ul>\n<p class=\"p1\">Septembre 2020:<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">Goldman Sachs appoints a new global head of digital assets, exec reveals interest in token tied to fiat<\/li>\n<li class=\"li1\">Mastercard launches customisable CBDC testing platform<\/li>\n<li class=\"li1\">Square forms a consortium to widen access to crypto technology by creating a library that pools members\u2019 patents<\/li>\n<\/ul>\n<p class=\"p1\">October 2020:<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">OCC confirms banks can hold reserve deposits behind stable coins<\/li>\n<li class=\"li1\">Paypal confirms crypto trading support in app and onsite with Paxos.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/shop.ledger.com\/pages\/back-to-school?r=3ed9810a0800\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.ledgerwallet.com\/images\/promo\/banners\/ledger_banner_7-2-8x9-0.jpg\" alt=\"Back to school - Get 20% Off\" width=\"728\" height=\"90\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>January-Feb 2020: Shopify joins Libra, Cash App users generate more than $30 in annualised revenue per user in December, but \u201cbitcoin actives generated 2-3x annual revenue\u201d May 2020: Visa seeks a patent for digital fiat currency &#8211; and the filing points to a central bank use case Visa CEO Alfred Kelly said he views digital &hellip;<\/p>\n","protected":false},"author":1,"featured_media":4228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[61,19],"tags":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2020 Digital Financial Services Recap! - AtoZcrypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/atozcrypto.org\/2020-digital-financial-services-recap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2020 Digital Financial Services Recap! - AtoZcrypto\" \/>\n<meta property=\"og:description\" content=\"January-Feb 2020: Shopify joins Libra, Cash App users generate more than $30 in annualised revenue per user in December, but \u201cbitcoin actives generated 2-3x annual revenue\u201d May 2020: Visa seeks a patent for digital fiat currency &#8211; 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