Finextra

DECEMBER 13, 2023

Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).

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CBDC Card Issuer Digital Currency Central Bank 137

PYMNTS

JANUARY 19, 2021

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. In 2020, the bank put out a request for applications for a CBDC experiment. startup SETL provided, of around 2 million euros (about $2.4 million), per CoinDesk.

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CBDC Interbank Settlement Settlement Central Bank 130

Payments Dive

AUGUST 29, 2022

The nation’s biggest bank and bank trade groups stressed the risks of creating a central bank digital currency in comments to the Fed, and largely rejected the idea that a digital dollar would accomplish stated goals.

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CBDC Fed Digital Currency Central Bank 213

The Fintech Times

SEPTEMBER 11, 2024

RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC. “This is a gamechanger that paves the way for instant blockchain based CBDC exchanges with payment versus payment, fundamentally altering how we approach international payments.

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Fintech News

MARCH 25, 2024

Swift, the global financial messaging cooperative, revealed that the latest round of experiments conducted within a collaborative Central Bank Digital Currency (CBDC) sandbox has shown promising results for the application of CBDCs and digital tokens. said Tom Zschach, Chief Innovation Officer at Swift.

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Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

Payments Dive

SEPTEMBER 25, 2023

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.

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CBDC Digital Currency Central Bank Blocks 193

Fintech News

NOVEMBER 3, 2024

Access to a common settlement facility is also being facilitated through the SGD Testnet, featuring S$ wholesale central bank digital currency (CBDC) for market testing. Featured image credit: Edited from Freepik The post MAS to Explore Wholesale CBDC for Settlement Among Series of Tokenisation Plans appeared first on Fintech Singapore.

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CBDC Settlement Digital Currency Cross-Border 114

The Paypers

OCTOBER 12, 2023

Global payments technology company Mastercard has revealed that it demonstrated CBDC interoperability for trusted Web3 commerce in Australia.

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CBDC Interoperability Visa Global Payments 98

The Paypers

DECEMBER 2, 2022

Banque de France and the Banque centrale du Luxembourg worked together on an experimental Central Bank Digital Currency (CBDC) initiative.

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CBDC Central Bank Digital Currency 101

The Fintech Times

SEPTEMBER 25, 2024

While 134 countries and currency unions, representing 98 per cent of global GDP, are currently exploring a central bank digital currency (CBDC), the Bank of Canada has revealed it is officially putting efforts to introduce a digital version of the Canadian dollar on pause. Could a CBDC still be in Canada’s future?

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Fintech News

JUNE 4, 2024

Decentralised solutions, CBDC, and interconnected payment infrastructures offer promising paths to improve cross-border payments. Featured image credit: Edited from Freepik The post New BIS Project Explores Wholesale CBDC for Faster, Cheaper Cross Border Payments appeared first on Fintech Singapore.

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Cross-Border Payments Cross-Border CBDC Settlement 97

The Payments Association

MARCH 28, 2024

Swift's recent collaborative experiments with 38 global institutions demonstrated new use cases for its CBDC interlinking solution across digital trade, securities and foreign exchange. Read more

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Use Case CBDC SWIFT Security 88

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

Fintech News

OCTOBER 23, 2024

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

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Payments Dive

APRIL 1, 2022

Ted Cruz's legislation, which follows a companion House bill introduced earlier this year, would prevent the Federal Reserve from issuing a central bank digital currency directly to consumers.

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Federal Reserve CBDC Fed Digital Currency 179

Finextra

FEBRUARY 11, 2024

India is moving ahead with the next stage of its digital rupee pilot, adding programmability and offline payment capability.

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CBDC Payments 139

The Paypers

SEPTEMBER 6, 2024

Brazil's central bank (BCB) announced the selection of 13 participants for the second phase of its central bank digital currency (CBDC) initiative.

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Central Bank CBDC Digital Currency Participant 77

PYMNTS

SEPTEMBER 15, 2020

But as to what a CBDC might look like in the eurozone, ECB executive board member Yves Mersch said a speech earlier this year that retail central bank digital currency (CBDC) is a game-changer and that retail CBDCs would be a “main focus.”

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CBDC Risk Central Bank Digital Currency 91

Finextra

SEPTEMBER 18, 2024

The Reserve Bank of Australia is to prioritise the issuance of a wholesale central bank digital currency over a retail CBDC, arguing that a clear business case for the latter has yet to emerge.

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CBDC Digital Currency Central Bank 78

PYMNTS

MARCH 30, 2020

The organization said that “the aim is to explore the potentialities offered by this technology, and to identify concrete cases integrating Central Bank Digital Currencies [CBDC] in innovative procedures for the clearing and settlement of tokenized financial assets.”

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CBDC Interbank Settlement Digital Currency Central Bank 98

Payments Dive

MAY 22, 2023

The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.

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CBDC Fed Central Bank Technology 158

The Paypers

OCTOBER 25, 2021

Nigeria has launched its central bank digital currency (CBDC), the eNaira, following an announcement by its president, according to trtworld.com.

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CBDC Digital Currency Central Bank 74

Finextra

MARCH 25, 2024

Swift says a new round of sandbox testing has found that its central bank digital currency interlinking technology can enable financial institutions to carry out a wide range of transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.

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SWIFT CBDC Digital Currency Central Bank 132

PYMNTS

DECEMBER 27, 2020

Japan might look into launching its own central bank digital currency (CBDC) in both the public and private sectors, according to a report from Japan Times. Turkey is planning on piloting its own CBDC in the second half of 2021, according to a report from CoinDesk. The exchange will close trading services on Jan. 10, 2021 at 1 p.m.,

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The Paypers

AUGUST 3, 2022

The Bank of Japan (BoJ) has announced it will be abandoning its planned host of central bank digital currency (CBDC) services due to a reported lack of public interest.

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CBDC Digital Currency Central Bank 69

The Paypers

SEPTEMBER 14, 2022

Norges Bank officials have announced that Norway’s central bank digital currency (CBDC) prototype is based on Ethereum infrastructure.

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CBDC Digital Currency Central Bank 74

Payments Dive

NOVEMBER 9, 2022

Central bank digital currencies would allow for faster cross-border payments that would “help boost trade within the region and with the rest of the world,” an Equinix executive writes.

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CBDC Cross-Border Payments Cross-Border Digital Currency 125

The Paypers

JUNE 1, 2022

The Central Bank of Ghana (BoG) has announced it granted Vodafone Cash and CalBank customers the opportunity to test its online version of its digital currency (CBDC), the eCedi.

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CBDC Digital Currency Central Bank 78

The Paypers

APRIL 5, 2023

The Central Bank of the UAE has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3 , G42 Cloud and Clifford Chance.

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Central Bank CBDC Digital Currency 73

Payments Dive

NOVEMBER 16, 2022

Mastercard and big banks such as Citi, Wells Fargo, BNY Mellon and U.S. Bank are set to participate in the proof-of-concept trial.

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Visa CBDC Fed Participant 148

The Paypers

JANUARY 12, 2023

The People’s Bank of China (PBC) has included in its currency circulation report the country’s central bank digital currency (CBDC), the e-CNY, also known as digital yuan.

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CBDC Digital Currency Central Bank 74

The Paypers

SEPTEMBER 3, 2024

HDFC Bank has introduced new features for the Unified Payments Interface (UPI) and Central Bank Digital Currency (CBDC), developed in collaboration with various fintech partners.

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The Paypers

JUNE 23, 2023

Collaborating with the Bank of Italy , the Associazione Bancaria Italiana (ABI) has brought together a group of banks in a pilot program for a central bank digital currency (CBDC).

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CBDC Digital Currency Central Bank 68

Payments Dive

NOVEMBER 10, 2022

Researchers designed a prototype digital currency and blockchain and simulated foreign exchange spot transactions that cleared within 10 seconds, but they said the study doesn’t endorse a CBDC or assume the Fed will issue one.

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CBDC Fed Cross-Border Payments Cross-Border 78

Finextra

MARCH 7, 2024

The Hong Kong Monetary Authority (HKMA) has kicked off a new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenisation market in the territory.

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Finextra

MAY 16, 2024

In just 6 months after Kazakhstan launched the digital tenge, its Central Bank Digital Currency, over 10 innovative CBDC card services have become available to the country's population of 20 million.

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CBDC Card Services Digital Currency Central Bank 64