Fintech Finance

NOVEMBER 21, 2024

This partnership is set to empower African communities, governments, and businesses, and represents a significant step toward realising the shared goal of financial inclusion and economic advancement across Africa, with blockchain and decentralised finance at the forefront of this transformation.

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The Fintech Times

MAY 26, 2024

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. The potential use cases and benefits for users are hazy at best. This may mean that, initially, acceptance of the retail CBDC is gradual.

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CBDC Central Bank Privacy Stablecoins 98

PYMNTS

SEPTEMBER 17, 2020

But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. In at least some nod to the technicalities, back in January, the central bank envisioned that the digital currency might be issued via blockchain platform.

Central Bank 72

Central Bank CBDC Digital Currency Federal Reserve 72

PYMNTS

AUGUST 21, 2020

And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. Digital dollars are a maybe – but if so, not for a while.

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CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

DECEMBER 22, 2020

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. The European Central Bank has been a vocal supporter of a digital euro, advocating for a CBDC.

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Distributed Ledger Technology (DLT) CBDC Digital Currency Bitcoin 69

CoinRemitter

FEBRUARY 9, 2024

It operates on a blockchain network and is issued and backed by the central bank of the respective country. CBDCs exist only in digital form and can be stored using compatible electronic devices, unlike physical and paper-based cash. If CBDCs go mainstream, they can dominate the world of digital payments.

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Digital Currency Central Bank CBDC Distributed Ledger Technology (DLT) 40

PYMNTS

JANUARY 20, 2020

As part of those efforts, the lab is being used to explore “whether there is a role for a digital Australian dollar — that is, an Australian [central bank digital currency (CBDC)] — in the context of the bank’s responsibilities for issuing the currency and overseeing the payments system.”. The language is interesting — and noteworthy.

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Digital Currency CBDC Retail Payments Central Bank 87

The Fintech Times

FEBRUARY 1, 2024

In the past year, CBDCs also became a crucial component in broader financial digitisation efforts. GDF explains that, now, the focus should be on improving the infrastructure and ecosystem surrounding CBDC issuance. As the digital asset landscape matures, the spotlight shifts to the foundational role of custody services.

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Finance Blockchain CBDC Compliance 58

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 ).

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Central Bank Digital Currency CBDC Settlement 57

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).

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FinTech Cross-Border CBDC Web 3.0 97

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.

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APACS FinTech Digital Currency Blockchain 93

Fintech News

MARCH 5, 2024

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?

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Embedded Finance APACS Financial Inclusion CBDC 98

Fintech News

APRIL 28, 2024

Kasikornbank, JP Morgan team up to improve cross-border payments Thailand’s Kasikornbank, in partnership with JP Morgan, introduced Project Carina, a new initiative aimed at accelerating cross-border payments, increasing transparency and cutting costs by leveraging blockchain technology.

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Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 111

Fintech News

MARCH 5, 2024

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?

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Embedded Finance APACS Financial Inclusion CBDC 88

PYMNTS

JANUARY 20, 2020

As part of those efforts, the lab is being used to explore “whether there is a role for a digital Australian dollar — that is, an Australian [central bank digital currency (CBDC)] — in the context of the bank’s responsibilities for issuing the currency and overseeing the payments system.”. The language is interesting — and noteworthy.

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CBDC Retail Payments Central Bank Digital Currency 40

The Fintech Times

APRIL 23, 2024

The post Money20/20 Asia 2024 in Bangkok, Thailand – Day One Roundup appeared first on The Fintech Times.

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Payment APIs and Integration Cross-Border Cross-Border Payments CBDC 58

PYMNTS

MARCH 22, 2019

There are other downsides to central bank-issued digital currency (CBDC), he explained. CNBC said the move comes as at least some banking operations across the industry are transformed in part by blockchain , which might change the way everything from debt to cross-border payments gets done, and where speed is of the essence.

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Bitcoin Central Bank Cross-Border Payments Digital Currency 69

Faster Payments Council

SEPTEMBER 12, 2022

How can we look to this rapidly growing business for new use cases for instant payments? The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs. What will this look like in the coming years?

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

PYMNTS

NOVEMBER 25, 2020

“Today, authorities around the world are grappling with the rise of digital currencies and decentralized finance based on both emerging technologies — particularly various combinations of distributed ledger technology (DLT) and blockchain and advances in traditional centralized systems underpinning finance,” according to the report.

Stablecoins 92

Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

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

Fintech Finance

JANUARY 11, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.

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Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

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. Each cryptocurrency operates on its own underlying technology and has unique features that may cater to different use cases.

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Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 79

Finovate

JUNE 5, 2024

Blockchain and crypto solutions company Ripple has teamed up with cross-border payments solutions provider for regulated institutions, Clear Junction. Cassie Craddock, Ripple’s Managing Director for Europe, praised Clear Junction’s ability to support all of Ripple’s use cases.

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