The Paypers

JULY 27, 2023

US-based blockchain company Ripple has partnered with Republic of Palau to launch a USD-backed Palau Stablecoin (PSC) on the XRP Ledger.

CBDC 69

CBDC Stablecoins Blockchain 69

The Fintech Times

MAY 29, 2024

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). Central bank digital currencies CBDC initiatives have garnered interest across both the Middle East and Africa, as evidenced by the CBDC landscape below.

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. In a paper that debuted Tuesday (Nov.

Stablecoins 92

Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

Clearly Payments

AUGUST 24, 2024

According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023. The adoption of blockchain technology has further revolutionized cross-border P2P transfers.

Debit Card 82

Debit Card P2P Cross-Border Central Bank 82

PYMNTS

JUNE 19, 2020

The Bank of Thailand plans to work on a new payment system for businesses using Central Bank Digital Currency (CBDC), according to a press release , which will be a step toward readying the business sector for the digital age. The release says the step will help CBDC reach wider audiences, beginning with corporate entities.

CBDC 98

CBDC Cross-Border Digital Payments Digital Currency 98

PYMNTS

APRIL 24, 2020

China is the first country to launch a central bank digital currency (CBDC) or digital currency electronic payment (DCEP). The digital yuan is structured using a central bank-issued CBDC for commercial banks and a commercial bank-issued CBDC focused on the public.

CBDC 83

CBDC Digital Currency Stablecoins Central Bank 83

CoinRemitter

JULY 9, 2024

From efforts to boost oversight of stablecoin arrangements, to focus on the DeFi space, 2024 promises to be a year of crypto regulatory developments. Stablecoins will take Center Stage Stablecoins are gaining traction among financial institutions worldwide, attracting the attention of regulators also in 2024.

Stablecoins 40

Stablecoins Financial Crimes Cryptocurrency Money Laundering 40

PYMNTS

MAY 27, 2020

As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC). He pointed to the concept of synthetic central bank digital currencies ( CBDC ). The funds would travel over rails commonly used by banks.

Central Bank 57

Central Bank Digital Currency CBDC Settlement 57

Fintech News

JANUARY 9, 2024

While the potential is evident, practical applications for digital currencies and blockchain technology are still emerging. Upsurge of Blockchain and DLT Applications Originally brought into the spotlight by cryptocurrencies like Bitcoin, blockchain technology is now making significant inroads into traditional financial systems.

APACS 84

APACS FinTech Digital Currency Blockchain 84

Fintech News

DECEMBER 20, 2023

Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots. 136), regtech (119) and investments and wealthtech (82).

FinTech 88

FinTech Cross-Border CBDC Web 3.0 88

Fintech News

OCTOBER 28, 2024

By leveraging the Model Law on Electronic Transferable Records to create verifiable and transferable electronic trade documents on a blockchain platform, DigiChain Innovations can facilitate the digitisation of trade documents. Ample was awarded the MAS FSTI Innovation Acceleration grant for excellence in fintech.

FinTech 103

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 103

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024. billion by 2030 at a CAGR of 19.6%.

Payments Trends 106

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 106

Clearly Payments

FEBRUARY 19, 2024

The digital currency and payments market encapsulates various facets, including cryptocurrencies like Bitcoin and Ethereum, central bank digital currencies (CBDCs), stablecoins pegged to real-world assets, digital wallets , and blockchain-based payment networks.

Process 71

Process Digital Currency Online and Mobile Banking Payments 71

Wharton Fintech

FEBRUARY 26, 2024

I will go back maybe a decade ago again with blockchain. I used to joke that everyone tried to end every conversation, every sentence with “on the blockchain.” We have done a lot of work with blockchain technology, particularly stablecoin. It is really important to separate out blockchain as a technology.

Visa 52

Visa Technology Payments Encryption 52

Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. What are Stablecoins? A primary USD stablecoin in USDC (aka USD coin). This is covered in the below section.

Cryptocurrency 79

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 79

The Fintech Times

JANUARY 24, 2024

While not currently a major point for debate in the lead-up to the US Presidential election, Trump first made his views on a CBDC clear at a rally in Portsmouth, New Hampshire on 18 January 2024 during the Republican presidential primary campaign. He noted that a move away from CBDCs would not impact the US as a global crypto hub.

CBDC 95

CBDC Digital Currency Central Bank Privacy 95