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

Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. The first CBDC card transaction in Eurasia was successfully made on 15 November 2023. This marked a milestone in the region’s digital currency journey.

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CBDC Transactions Payment APIs and Integration Cross-Border 105

NFCW

DECEMBER 14, 2023

The offline P2P trial forms phase two of JCB’s ongoing CBDC pilot — known as JCBDC — and will test a system for making peer-to-peer digital currency transfers either from one physical card to another via an intermediary NFC mobile device or directly between NFC smartphones.

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Digital Currency Central Bank CBDC Transactions 89

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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CBDC Central Bank Digital Currency FinTech 66

PYMNTS

AUGUST 14, 2020

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Legal issues include whether a CBDC would have status as legal tender.

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Digital Currency Fed Federal Reserve CBDC 113

Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 97

Fintech News

DECEMBER 11, 2023

Cambodia is implementing new initiatives to expand payment options for tourists by cementing blockchain-based central bank digital currency (CBDC) partnerships. The National Bank of Cambodia (NBC) has been instrumental in facilitating these digital currency evolutions.

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Digital Currency Blockchain CBDC Central Bank 89

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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CBDC SWIFT Interoperability Settlement 95

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 Central Bank Digital Currency 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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Central Bank CBDC Settlement Treasury 105

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 Central Bank Digital Currency 64

The Payments Association

JANUARY 22, 2024

In the realm of finance, this sentiment rings especially true as we stand on the cusp of a digital revolution with the advent […] Read more The future depends on what you do today.

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Digital Currency Central Bank CBDC Finance 88

PYMNTS

DECEMBER 18, 2020

But the race is still on for central banks to develop their own digital versions of fiat to take their place alongside bills and coins. To that end, the Bahamas may stand out as an epicenter of sorts for the rise of central bank digital currencies (CBDCs). Central Banks Around the World Eye CBDCs.

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Digital Currency Central Bank CBDC Fed 142

Payments Source

AUGUST 20, 2020

A CBDC has the potential to be a real game changer for the payment industry if one condition is met: central bank digital currency has to be built as an open and shared infrastructure for the private sector to easily build on top of it, says ConsenSys' Matthieu Saint Olive.

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Digital Currency Central Bank CBDC Payments 149

Finextra

OCTOBER 28, 2024

The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.

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Innovation CBDC Central Bank Digital Currency 145

The Paypers

JUNE 5, 2023

The possibility of adopting central bank digital currencies (CBDCs) is being explored by countries worldwide, including the US. However, according to the Cato Institute 2023 CBDC National Survey, a mere 16% of Americans support the adoption of a CBDC.

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Digital Currency Central Bank CBDC Governance 81

NFCW

APRIL 11, 2024

The Bank of China is conducting a pilot in the city of Shenzhen of a new service that makes it possible for merchants to accept contactless digital currency payments on standard NFC mobile phones. “Getting and opening an e-yuan hardware wallet is easy and can be made anonymously. .

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Digital Currency Central Bank CBDC Contactless Payments 97

Finextra

OCTOBER 22, 2024

On the second day of Sibos, Benedicte Nolens, centre head of the BIS Innovation Hub moderated the session ‘Reality check: How far have CBDCs come?’, and the speakers outlined how central bank digital currencies (CBDCs) are in various processes of development in their countries.

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CBDC Central Bank Digital Currency Checks 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 Central Bank Digital Currency 213

The Paypers

SEPTEMBER 23, 2024

The Reserve Bank of Australia has made a strategic commitment to prioritise working on the development of a wholesale central bank digital currency (CBDC).

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CBDC Central Bank Digital Currency 36

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 Central Bank Digital Currency Blocks 193

Fintech News

JUNE 4, 2024

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).

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Cross-Border Payments Cross-Border CBDC Settlement 76

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

Finextra

MAY 9, 2024

The Bank of Thailand (BOT) recently released the report of its Retail Central Bank Digital Currency (CBDC) pilot project which it conducted on Giesecke+Devrient´'s (G+D) technology solution.

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CBDC Bots Central Bank Digital Currency 59

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 Central Bank Digital Currency 68

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

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. The process will be a boost for the research around digital coins. In 2020, the bank put out a request for applications for a CBDC experiment.

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Finextra

SEPTEMBER 23, 2024

After years of research, the Bank of Canada says it is "scaling down" its work on a retail central bank digital currency.

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CBDC Central Bank Digital Currency Research 81

PYMNTS

MAY 21, 2020

Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. The company wrote in the document that under the system, users could “hold digital currency with the same denomination as the local physical currency (e.g., $100 So a retail CBDC is now [the ECB’s] main focus.”.

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Digital Currency Central Bank CBDC Federal Reserve 97

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

Payments Dive

APRIL 17, 2024

central bank digital currency, research staff at the central bank continue to study the possibility. Despite political opposition to a potential U.S.

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Research CBDC Fed Central Bank 97

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

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.

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CBDC Bitcoin Digital Currency Cryptocurrency 101

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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Fintech News

NOVEMBER 21, 2024

India’s initiatives are also closely tied to its exploration of central bank digital currencies (CBDCs). Shaktikanta Das RBI Governor Shaktikanta Das has expressed India’s readiness to assist other nations in developing standards for cross-border payments using CBDCs.

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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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The Fintech Times

AUGUST 9, 2024

This initiative coincides with the UAE’s advanced pilot of a Central Bank Digital Currency (CBDC), which is designed to work alongside traditional physical currencies, offering a secure and efficient method of digital transactions. The UAE is one of only 36 countries in the world currently piloting a CBDC.

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CBDC Digital Currency Central Bank Regulatory Compliance 64