PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may implement a monetary policy and issue currency.

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Digital Currency Central Bank CBDC Federal Reserve 97

Payments Source

MAY 22, 2020

As the idea of central bank digital currencies starts to gain traction, the U.S. in particular needs to pay attention or risk losing a major aspect of its geopolitical power, according to JPMorgan Chase & Co.

Digital Currency 110

Digital Currency Central Bank Risk Blockchain 110

CoinRemitter

FEBRUARY 9, 2024

A Central Bank Digital Currency is a country’s official currency, presented in a digital form. It operates on a blockchain network and is issued and backed by the central bank of the respective country. 130 countries in the world are currently exploring central bank digital currencies.

Digital Currency 40

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

PYMNTS

SEPTEMBER 21, 2020

As China prepares to debut digital currency, JD.com Inc., one of the biggest eCommerce businesses in China, has partnered with the central bank to advance the technology. 21) that JD Digital Technology and the PBoC will develop mobile apps and blockchain platforms in line with the coming digital currency.

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Digital Currency Central Bank eWallet Research 56

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? 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

SEPTEMBER 11, 2024

Initially, these will use fiat currencies, but Swift plans to eventually integrate tokenised forms of money such as central bank digital currencies (CBDCs) and stablecoins. Swift is also addressing the growing fragmentation in the digital asset ecosystem.

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SWIFT Multi-Currency CBDC Interoperability 145

Payments Source

APRIL 9, 2020

The implementation of a digital dollar solution would quite likely precipitate future developments in the digital identity space, given the synergy of a dual-architecture solution, says Diginex's Mark Blick.

Digital Currency 160

Digital Currency Central Bank Federal Reserve Authentication 160

PYMNTS

AUGUST 11, 2019

The People’s Bank of China (PBoC) said it is now ready to launch its own blockchain-based digital currency after five years of research, CoinTelegraph reported on Sunday (Aug. He was unclear, however, when the digital currency might actually launch. PBoC hosted a video conference on Aug.

Digital Currency 67

Digital Currency Central Bank Blockchain Research 67

PYMNTS

DECEMBER 13, 2019

With the belief that it could cause instability within the country’s financial system, the government of Switzerland spoke against making a central bank digital currency available to the public. Beau wants to use distributed ledger technology (DLT), and France is mulling a central bank digital currency.

Digital Currency 40

Digital Currency Central Bank Distributed Ledger Technology (DLT) Money Laundering 40

The Fintech Times

SEPTEMBER 17, 2024

Singapore-based fintech Xalts is joining forces with smart contracts platform Avalanche , in a move to support financial services, governments, and other enterprise developers in building digital asset platforms for implementing blockchain, tokenisation, and smart contract applications.

Multi-Currency 64

Multi-Currency Blockchain Use Case Digital Currency 64

Payments Source

MAY 27, 2020

Visa’s proposed serialization of the digital dollar will further intensify the debate over privacy issues raised by central bank digital currencies, says Seccurency's Patrick Campos.

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Central Bank Privacy Digital Currency Blockchain 122

PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts.

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Blockchain Accounts Digital Currency Federal Reserve 135

PYMNTS

OCTOBER 7, 2020

The Bank of Korea has said it plans to begin testing distribution of its digital currency next year, according to a report by The Korea Herald. The central bank said in April it had launched a 22-month pilot that would end in December 2021, the report stated.

Digital Currency 83

Digital Currency Central Bank CBDC Cryptocurrency 83

Payments Source

JANUARY 7, 2020

Facebook’s Libra cryptocurrency project has drawn vast political pushback, but also more tangible government action as nations globally consider central bank supported digital currencies. It’s also sparking a potential bottom-up approach in New York.

Digital Currency 112

Digital Currency Central Bank Cryptocurrency Governance 112

PYMNTS

NOVEMBER 12, 2019

12) that central banks have no reason to issue digital currency. He added that no organization can offer sovereign credit backing that way national currencies do. Greenspan’s remarks come on the heels of China’s announcement that it would launch a digital currency in early 2020. Former U.S.

Digital Currency 40

Digital Currency Central Bank Fed Federal Reserve 40

PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. Whether the advent of digital coins signifies an existential threat to monetary policy at its most basic level – the way it’s been done for, well, centuries – depends on who’s weighing in on the subject. Others, not so much. Yays and Nays.

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Central Bank Digital Currency Federal Reserve Non-Bank 73

The Paypers

FEBRUARY 12, 2024

Bangko Sentral ng Pilipinas (BSP) has revealed the intention to launch a wholesale central bank digital currency (CBDC) by 2026.

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CBDC Digital Currency Central Bank Blockchain 81

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. A CBDC would be denominated in the sovereign currency, and convertible at par with other forms of money.”. . … The language is interesting — and noteworthy.

Digital Currency 87

Digital Currency CBDC Retail Payments Central Bank 87

Clearly Payments

AUGUST 24, 2024

World Bank data indicates that global remittances reached $794 billion in 2023. 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.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

Payments Source

JULY 13, 2020

The Bank of England is reviewing whether it should create a central bank-backed digital currency, according to governor Andrew Bailey.

Digital Currency 77

Digital Currency Central Bank Blockchain 77

PYMNTS

JUNE 18, 2019

It has nothing to do with blockchain. Fully private, controlled, centralized, verified and authorized by a small number of permissioned nodes. So, what is crypto or blockchain about it? Russia’s central bank might one day launch its own digital currency. Why would they?”

Digital Currency 53

Digital Currency Central Bank Bitcoin Cryptocurrency 53

CoinRemitter

JUNE 26, 2024

The impact of blockchain technology is visible across various industries worldwide. Today, blockchain integration in business is not just a trend but a strategic move. Blockchain’s decentralized nature offers immense opportunities for businesses to streamline their operations and unlock new opportunities to increase their profits.

Blockchain 40

Blockchain Central Bank Cryptocurrency Digital Currency 40

CB Insights

MARCH 19, 2020

“Crypto not blockchain” was the dominant narrative in 2019. But despite the broad weakness in crypto prices, companies continue to build and launch products that benefit the maturing blockchain ecosystem. . Enterprise blockchain funding has lagged. Central banks are serious about fiat digital currencies.

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Blockchain Central Bank Digital Currency Bitcoin 100

PYMNTS

APRIL 7, 2020

Shipping technology company CargoSmart Limited led an experimental blockchain project for the release of cargo with the Shanghai International Port Group (SIPG), Tesla and China Ocean Shipping Company (COSCO), according to an announcement. The bank’s perspective about private currencies are separate from those of other central banks.

Digital Currency 60

Digital Currency CBDC Blockchain Central Bank 60

Clearly Payments

AUGUST 29, 2024

Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial transactions. CBDCs in Other Countries China : The Digital Yuan (e-CNY) is one of the most advanced CBDC projects. What Are CBDCs?

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

PYMNTS

OCTOBER 29, 2020

The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters. In other news, blockchain tech company Ripple plans to invest in MoneyTap , a blockchain payments solution owned by SBI Holdings, according to CoinDesk.

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Digital Currency Bitcoin Blockchain Central Bank 63

PYMNTS

APRIL 7, 2020

Shipping technology company CargoSmart Limited led an experimental blockchain project for the release of cargo with the Shanghai International Port Group (SIPG), Tesla and China Ocean Shipping Company (COSCO), according to an announcement. The bank’s perspective about private currencies are separate from those of other central banks.

Digital Currency 52

Digital Currency CBDC Blockchain Central Bank 52

PYMNTS

SEPTEMBER 17, 2020

The race to develop central bank digital currencies (CBDCs) is underway, but it seems the Reserve Bank of Australia may not be in the running. 17), Australia’s central bank has viewed the issuance of such digital coinage with caution, and even a bit of skepticism.

Central Bank 72

Central Bank CBDC Digital Currency Federal Reserve 72

CB Insights

MARCH 2, 2023

What is blockchain cross-border payment & CBDCs? Blockchain cross-border payments and central bank digital currencies (CBDCs) companies leverage blockchain and distributed ledger technology to help banks, financial institutions, and businesses move funds across multiple entities and countries in real time.

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Cross-Border Payments Cross-Border Blockchain Digital Currency 59

PYMNTS

JUNE 10, 2020

The Bank of Ghana continues to consider the creation of a digital currency, GhanaWeb reported. Dr. Maxwell Opoku-Afari, the bank’s first deputy governor, reportedly said during a digital workshop that the bank remains steadfast in facilitating innovation and piloting ideas like a central bank cryptocurrency.

Digital Currency 53

Digital Currency Accounts Money Laundering Central Bank 53

The Paypers

MARCH 4, 2021

Ripple , a US-based blockchain company, has been testing a private version of the XRP Ledger to support central banks in the issuance of central bank digital currencies (CBDCs).

Central Bank 52

Central Bank Digital Currency Blockchain 52

Payments Source

JANUARY 11, 2021

I look forward to seeing digital currencies brighten up our antiquated banking infrastructure and embrace the global move toward e-commerce. For now, though, I’m not holding my breath, says T1 Payments' Donald Kasdon.

Digital Currency 84

Digital Currency Payments Central Bank Blockchain 84

PYMNTS

MAY 13, 2020

The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. two bitcoin exchanges — as banking clients in its corporate and investment bank last month, Bloomberg reported, citing an unnamed source. brought on Gemini Trust Co.

Digital Currency 61

Digital Currency Bitcoin CBDC Blockchain 61

The Paypers

JULY 23, 2021

The Central Bank of Nigeria has announced it will start the pilot of its central bank digital currency, which runs on the Hyperledger Fabric blockchain, on 1 October 2021.

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Central Bank CBDC Digital Currency Blockchain 40

PYMNTS

NOVEMBER 3, 2019

FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency. These firms would be tasked with distributing the crypto to citizens and others who want to transact using the digital coins.

Digital Currency 40

Digital Currency Central Bank Blockchain CHIPS 40

PYMNTS

SEPTEMBER 15, 2020

PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. Mastercard Leads Central Bank Digital Currency Test. For some, that means embracing solutions built atop existing rails, or exploring new ones altogether. RTP Expands Across FI Base.

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RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105

Fintech News

MAY 21, 2024

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). Source: SBI DAH Tokenised securities also garnered significant interest, with 21.6%

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Settlement Cryptocurrency Blockchain Digital Currency 138