Fintech Finance

MARCH 26, 2024

Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies. Swift now plans to extend its solution to support a wider range of emerging digital networks in addition to CBDCs, such as platforms for tokenised deposits.

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Cross-Border Use Case SWIFT CBDC 52

The Fintech Times

MAY 29, 2024

The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. The digital currency landscape in the MEA region is diverse, with a vast number of companies offering services to meet a variety of use cases and needs.

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Digital Currency CBDC Cross-Border Payments Cross-Border 111

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.

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Central Bank CBDC Digital Currency Federal Reserve 72

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. Unlike cryptocurrencies, they’re issued by centralized authorities and can be used as legal tenders.

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

PYMNTS

JANUARY 26, 2020

Bank of France Governor Francois Villeroy de Galhau said on Saturday (Jan. 25) that central banks should be in charge of issuing electronic currency, not private companies, Reuters reported.

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Central Bank CBDC Digital Currency Cross-Border 100

PYMNTS

SEPTEMBER 15, 2020

Central bank digital coins on the Continent – but plenty of room for cash. In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies.

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CBDC Risk Central Bank Digital Currency 91

The Paypers

SEPTEMBER 14, 2023

Swift has announced that three central banks are beta testing its solution for interlinking CBDCs, while financial institutions are experimenting with the solution to explore further use cases.

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Central Bank SWIFT CBDC Use Case 41

PYMNTS

NOVEMBER 10, 2020

Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. Meanwhile, Lebanon Governor Riad Salameh announced that the country will be introducing a CBDC next year, to “restore confidence,” reported Bloomberg.

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CBDC Use Case Privacy Cryptocurrency 67

PYMNTS

OCTOBER 9, 2020

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. India, according to reports earlier this fall, is mulling a ban on cryptos in general, but may indeed look more deeply into a CBDC. Fed, the Swiss National Bank and others.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

The Fintech Times

MARCH 7, 2024

The Hong Kong Monetary Authority (HKMA) has begun ‘Project Ensemble’, a new wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in Hong Kong. We welcome global talents and industry players to come to Hong Kong and be part of this very exciting tokenisation journey.”

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CBDC Authorization Interbank Settlement Central Bank 69

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. Central bank digital currencies (CBDCs), digital money regulated by a country’s central bank, are currently being tested across the world.

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CBDC Central Bank Stablecoins Privacy 98

PYMNTS

MAY 27, 2020

But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? 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).

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Central Bank Digital Currency CBDC Settlement 57

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis. is joining the CBDC fray.

Central Bank 57

Central Bank Digital Currency CBDC Federal Reserve 57

Fintech Finance

JULY 4, 2024

The offline function also enables use cases such as peer-to-peer payments (P2P) between individuals or payment-to-business payments (P2B). The success of several CBDC pilot projects around the globe has demonstrated the importance of offline payments.

Digital Payments 98

Digital Payments Online and Mobile Banking Financial Inclusion Central Bank 98

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. Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

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CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

NOVEMBER 2, 2020

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release.

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CBDC Distributed Ledger Technology (DLT) Visa AML 64

The Fintech Times

AUGUST 19, 2024

HKMA has also been responsible for a number of other initiatives: Along with the Bank of Thailand, HKMA launched the ‘Faster Payment System x PromptPay’ Link for cross-border QR payment in December 2023. Just this March, the programme’s second phase commenced, with plans to further explore new use cases of e-HKD.

FinTech 72

FinTech SARS Central Bank Cross-Border 72

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

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.

Distributed Ledger Technology (DLT) 69

Distributed Ledger Technology (DLT) CBDC Digital Currency Bitcoin 69

PYMNTS

JANUARY 3, 2020

According to a paper that debuted this week from the European Central Bank (ECB), central bank currencies in digital form have their uses, but individuals should be dissuaded from holding too much of a hypothetical digital euro. Digital currencies, yes – but with limits.

Digital Currency 52

Digital Currency CBDC Central Bank Retail Payments 52

The Fintech Times

JULY 5, 2024

With Filia Unplugged, we are helping to bridge this gap,” explained Raoul Herborg , managing director of Central Bank Digital Currency ( CBDC ) at G+D. The offline function also enables use cases such as peer-to-peer payments (P2P) between individuals or payment-to-business payments (P2B).

Digital Payments 52

Digital Payments Transactions Online and Mobile Banking CBDC 52

Faster Payments Council

MARCH 15, 2023

Speakers: Elizabeth McQuerry, Glenbrook Partners; Mike Sklow, Goldman Sachs; Samson Rajan; JP Morgan; Miriam Sheril, Form3 1:30pm-2:10pmCT: Panel Session – Business End-Users Mega Use Cases (City Beautiful Ballroom AB) As more capabilities become available for faster payments, business end users are finding creative ways to use the services.

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FPC ISO 20022 Cross-Border Payments Cross-Border 88

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.

CBDC 40

CBDC Retail Payments Central Bank Digital Currency 40

PYMNTS

MARCH 22, 2019

There are other downsides to central bank-issued digital currency (CBDC), he explained. It could potentially alter how interest rates affect demand for money, and it could produce larger central bank balance sheets, a consequence that would make it necessary for asset buildup which could affect market liquidity.

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Bitcoin Central Bank Cross-Border Payments Digital Currency 69

PYMNTS

FEBRUARY 5, 2020

The benefit that is enticing to central banks is the almost instantaneous nature of digital currency and its relative low cost. A recent study showed that banks all over the world are working on similar projects, and that China has already started moving ahead with its own plans. “In

Digital Currency 52

Digital Currency Fed CBDC Federal Reserve 52

Clearly Payments

JANUARY 4, 2024

Understanding Cryptocurrency Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on a decentralized network of computers. Each cryptocurrency operates on its own underlying technology and has unique features that may cater to different use cases. This is covered in the below section.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Central Bank 105

PYMNTS

NOVEMBER 25, 2020

Among the potential and evolving use cases: private stablecoins can conceivably be adopted as a means of payment for online purchases, peer-to-peer and micro-payments and a range of potential future. And in terms of use cases, stablecoins that are global in scope can be useful in cross-border payment transactions and in eCommerce.

Stablecoins 92

Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

Fintech News

MARCH 5, 2024

. #1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.

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Embedded Finance APACS Financial Inclusion CBDC 102

PYMNTS

JANUARY 28, 2021

With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Evolving Use Cases. Digital assets are no longer a futuristic pipe dream in modern economy.

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Treasury Cross-Border Cross-Border Payments Interoperability 84

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.

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Process Digital Currency Online and Mobile Banking Payments 102

PYMNTS

JUNE 23, 2020

The Bank of Thailand is readying to commence work on new infrastructure aimed at streamlining financial transactions for the business sector, it recently announced. First to test the infrastructure will be Siam Cement Public Company, which will adopt the technology for its procurement and supplier payments operations.

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Federal Reserve RTP Payment APIs and Integration Fed 106

Fintech News

MARCH 5, 2024

. #1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.

Embedded Finance 92

Embedded Finance APACS Financial Inclusion CBDC 92

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

The Fintech Times

APRIL 23, 2024

. ‘Connecting for Change: MUFG’s Strategy for Fintech Integration’ at Money 20/20 Asia in Bangkok, Thailand On the agenda During the morning’s activities on the Vision stage, a keynote session led by Daranee Saeju , assistant governor, payment systems policy and financial consumer protection group from the Bank of Thailand, highlighted (..)

Payment APIs and Integration 59

Payment APIs and Integration Cross-Border Cross-Border Payments CBDC 59

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

The Fintech Times

JUNE 4, 2024

The struggle for a Money20/20 T-shirt continues… At least we got a seat in the jam-packed session, as Patrice Amann , EMEA financial services business lead at Microsoft and Kevin Levitt , director, financial services at NVIDIA, discussed next gen digital assistants and how they’re rewriting the banking customer experience.

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AI Central Bank FinTech Use Case 59

Fintech News

FEBRUARY 28, 2024

Interestingly, Singapore’s consumer cryptocurrency ownership is high among those surveyed in new findings, and staking has emerged as the most popular use case, preceding others such as trading cryptocurrencies and holding cryptocurrencies for the long term.

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Cryptocurrency Stablecoins Digital Currency Regulations 113