Fintech Finance

MARCH 26, 2024

The cooperative has focused its innovation agenda on interoperability between digital currencies and tokenised assets to overcome the potential risk of fragmentation, caused by the development of digital currencies on different technologies and with different standards and protocols.

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Cross-Border Use Case SWIFT CBDC 52

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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CoinRemitter

FEBRUARY 9, 2024

A Central Bank Digital Currency is a country’s official currency, presented in a digital form. 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

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. The Federal Reserve Bank has been exploring a digital currency.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

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Interbank Settlement CBDC Settlement Use Case 134

PYMNTS

SEPTEMBER 15, 2020

Central bank digital coins on the Continent – but plenty of room for cash. To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability.

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CBDC Risk Central Bank Digital Currency 91

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 Rewards.

Digital Currency 87

Digital Currency CBDC Retail Payments Central Bank 87

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

In recent years, digital currencies have been all the rave. 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.

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CBDC Central Bank Stablecoins Privacy 98

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. 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 3, 2020

Digital currencies, yes – but with limits. 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.

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Digital Currency CBDC Central Bank Retail Payments 52

PYMNTS

FEBRUARY 5, 2020

The United States Federal Reserve is examining the possibilities and issues surrounding cryptocurrencies and digital payments, which include whether there would be a benefit to the agency issuing a digital currency , according to a report by Reuters.

Digital Currency 52

Digital Currency Fed CBDC Federal Reserve 52

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.

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Central Bank Digital Currency CBDC Federal Reserve 57

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. As reported by Cointelegraph Thursday (Sept.

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Central Bank CBDC Digital Currency Federal Reserve 72

Fintech Finance

JULY 4, 2024

It provides another convenient and secure method for people to make digital transactions without the need for expensive devices like smartphones. A simple smart card can help them start making digital transactions at a low cost.

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

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. Any bank can participate in the digital currency initiative, Ledger Insights reported.

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Distributed Ledger Technology (DLT) CBDC Digital Currency Bitcoin 69

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

Both central banks are collaborating on the Inthanon Project, working alongside commercial banks to explore the potential of Distributed Ledger Technology in developing a wholesale central bank digital currency ( CBDC ).

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FinTech SARS Central Bank Cross-Border 72

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. ” In today’s digital-first economy, connectivity pain points can cause serious issues.

Digital Payments 52

Digital Payments Transactions Online and Mobile Banking CBDC 52

Clearly Payments

FEBRUARY 19, 2024

With continued innovation and adaptation, this sector is poised to shape the future of commerce in the digital age. Digital Currency and Payments The emergence of digital currencies and associated payment systems has heralded a paradigm shift in the financial landscape, marked by a diverse array of players, technologies, and applications.

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Process Digital Currency Online and Mobile Banking Payments 102

PYMNTS

JANUARY 26, 2020

Villeroy said the plans were not because of Facebook’s Libra, but because of the speed of technology and the desire for digital currency by some banks. He noted that private citizens also might ask for cash alternatives. . “In

Central Bank 100

Central Bank CBDC Digital Currency Cross-Border 100

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Stablecoins also “have the potential to serve as a digital monetary instrument to embed in DLT applications, including for programmable money or smart contracts,” the paper added.

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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

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

JUNE 23, 2020

According to the announcement, the Bank of Thailand is planning to use central bank digital currency (CBDC) to support funds transfer, with an eye on accelerating supplier payments as an early use-case of the payment system. Federal Reserve Tackles Fraud Across Rails.

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Federal Reserve RTP Payment APIs and Integration Fed 106

Fintech News

FEBRUARY 28, 2024

In recent years, the landscape of cryptocurrency and digital assets has experienced significant shifts, and Singapore, a nation known for its forward-thinking approach to fintech and digital innovation, is no exception. This approach is appealing due to its potential for higher returns compared to traditional financial instruments.

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Cryptocurrency Stablecoins Digital Currency Regulations 113

Clearly Payments

JANUARY 4, 2024

As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency. 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 Digital Currency 105

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 Rewards.

CBDC 40

CBDC Retail Payments Central Bank Digital Currency 40

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

Fintech News

JANUARY 9, 2024

Traditional financial institutions are showing a growing interest in digital currencies, a trend driven by market dynamics and technological advancements. Some companies that have relied heavily on digital currencies have faced considerable challenges, while venture capital interest has shifted.

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APACS FinTech Digital Currency Blockchain 98

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 92

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

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.

Cross-Border Payments 93

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

PYMNTS

MARCH 22, 2019

He said if banks issued similar currency it could lead to people moving money away from commercial banks. There are other downsides to central bank-issued digital currency (CBDC), he explained. This has led to many banks wondering if they should issue digital currencies to supplement banknotes.

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Bitcoin Central Bank Cross-Border Payments Digital Currency 69

PYMNTS

JANUARY 28, 2021

Digital assets are no longer a futuristic pipe dream in modern economy. 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. We’re not just talking about the digitization of fiat,” he said.

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Treasury Cross-Border Cross-Border Payments Interoperability 84

Fintech News

APRIL 28, 2024

It utilizes both Q-money, a Thai Baht-based digital currency, and JPM Coin, which represents US dollar deposits. Day 2 featured discussions on small business empowerment, consumer financial resilience, and lending strategies in Thailand.

Payment APIs and Integration 113

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 113

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