The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

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Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

PYMNTS

OCTOBER 9, 2020

The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency. . The central banks working with the BIS include the European Central Bank, the Swiss National Bank and Bank of Japan.

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Digital Currency Central Bank Fed Federal Reserve 104

Clearly Payments

JANUARY 4, 2024

Since 2009, the financial landscape has been undergoing a transformation with the emergence of cryptocurrencies. As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency.

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Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

Payments Source

DECEMBER 13, 2020

From brokering insurance contracts to financial settlements, smart contracts could bring immense innovation to CBDCs that otherwise would act as little more than an augmented medium of exchange, says Cypherium's Sky Guo.

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Central Bank Innovation Settlement Federal Reserve 133

PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! The ECB has been open to the idea, and could already be experimenting.

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Central Bank Digital Currency Distributed Ledger Technology (DLT) CBDC 94

PYMNTS

OCTOBER 19, 2020

It comes on the heels of an IMF report that raises concerns about growing momentum toward central bank-issued digital currencies (CBDCs). central bank has yet to decide whether to plunge ahead, said that issues need to be vetted, include protecting any new digital currency from cyberattacks, fraud and high-tech counterfeiters.

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Digital Currency Central Bank Fed Federal Reserve 108

PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may implement a monetary policy and issue currency.

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Digital Currency Central Bank CBDC Federal Reserve 97

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). Central Bank Digital Currencies (CBDCs) topped the list, with 33% of respondents foreseeing their widespread adoption.

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Settlement Cryptocurrency Blockchain Digital Currency 139

PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. Some central banks are embracing the concept. The overall theme, reported the site, is to look into how “digital central bank money could be used in the settlement of tokenized assets between market participants.”.

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Central Bank Digital Currency Federal Reserve Non-Bank 73

PYMNTS

OCTOBER 12, 2020

The recently released report by the Bank for International Settlements ( BIS ) offers a general framework for digital currencies. The BIS noted of central bank digital currency ( CBDC ) that “a CBDC could provide a complementary central bank money to the public, supporting a more resilient and diverse domestic payment system.

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Central Bank CBDC FedNow Digital Currency 93

Fintech News

FEBRUARY 2, 2025

Inspired by the “Finternet” concept introduced by the Bank for International Settlements (BIS) in April 2024, the Pathway 2035 guide explores four transformative themes shaping the financial landscape: artificial intelligence (AI), digital assets, digital trust and quantum-safe technologies.

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Innovation Finance AI Encryption 131

The Payments Association

MARCH 19, 2025

Notably, the rise of cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) are transforming the digital payments landscape. The growing role of digital assets in payments The way we process payments has changed drastically in the last decade.

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Cross-Border Reconciliation Compliance Payments 88

PYMNTS

FEBRUARY 27, 2020

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that before they issue their own digital currencies, central banks around the world should attempt to get a better understanding of the pros and cons of the process, according to a report by Reuters. They will also confer with colleagues overseas on the topic.

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Central Bank Digital Currency Money Laundering CBDC 64

The Fintech Times

NOVEMBER 6, 2024

” “We are on a mission to make it easier for people to use cryptocurrency in real-world payment scenarios and our partnership with Ingenico will go a long way to bringing crypto out of the web and increase its adoption as a powerful payment tool,” added Eric Anziani , president and COO of Crypto.com.

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Product Cross-Border FinTech Cross-Border Payments 101

PYMNTS

FEBRUARY 6, 2020

Central bank leaders from six countries and the Bank for International Settlements (BIS) have planned an April meeting to discuss digital currencies and the parameters involved for launching their own, the Nikkei Asian Review reported on Thursday (Feb. In January, the central banks of the U.K.,

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Central Bank Digital Currency CBDC Federal Reserve 100

Payments Source

JULY 1, 2019

The Bank for International Settlements is setting up shop to help officials who may need to speed up developing their own digital currency.

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Central Bank Digital Currency Settlement FinTech 95

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

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. Fed, the Swiss National Bank and others.

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Digital Currency Central Bank CBDC Federal Reserve 70

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.

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Debit Card P2P Cross-Border Central Bank 105

PYMNTS

FEBRUARY 28, 2020

The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. The Central Bank of China is not a part of the group, although it is releasing a digital currency of its own.

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Digital Currency Central Bank Stablecoins Money Laundering 95

PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. In the past four years, 86 percent of central banks have been actively doing some kind of work on CBDCs, according to BIS.

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PYMNTS

JANUARY 24, 2020

In a move that signals Tokyo’s concern regarding China’s effort to make a digital yuan, as well as Facebook’s Libra, a collection of ruling party legislators is crafting a proposal for Japan to create its own cryptocurrency.

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Digital Currency Central Bank Cryptocurrency Governance 100

PYMNTS

JANUARY 30, 2020

Although the Bank of Japan has no immediate time frame to issue digital currencies, the central bank’s deputy governor said it should explore the possibility and be ready, Reuters reported on Thursday (Jan. His stance has been the strongest so far from a central bank official regarding electronic money. .

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Central Bank CBDC Digital Currency Settlement 52

PYMNTS

DECEMBER 6, 2020

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. Speaking with David Rubenstein at a Bloomberg event on Friday (Dec.

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PYMNTS

OCTOBER 12, 2020

China’s central bank is issuing 10 million yuan ($1.5 Unlike bitcoin, the digital yuan is not a cryptocurrency because it is being issued and controlled by China’s central bank, the People’s Bank of China (PBOC). It won’t replace Alipay or WeChat Pay and is expected to work with them as well as other banks.

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Digital Currency Central Bank Cryptocurrency Settlement 96

PYMNTS

SEPTEMBER 25, 2020

Mester noted the central bank had been looking into digital currencies even before the pandemic, “building and testing a range of distributed ledger platforms to understand their potential benefits and trade-offs.” Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

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Fed Federal Reserve Digital Currency Central Bank 132

The Payments Association

JANUARY 21, 2025

Their price stability, especially when fiat-backed, is proving vital for remittances, settlement processes, and even everyday payments. The report suggests that cryptocurrency adoption continues to grow, with ongoing transformations in payment infrastructure, including CBDCs and cross-border payments. and Brazil.

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Payments Trends Financial Crimes Cross-Border Payments 88

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

DECEMBER 10, 2019

Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec. Lagarde has vocalized that she favors central banks releasing electronic money. Bank of England Governor Mark Carney has even implied that an international central bank coin could supersede the U.S.

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Central Bank Digital Currency Federal Reserve Fed 54

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. Digital dollars on the horizon? Maybe – but first comes a focus on policy.

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Digital Currency Fed Federal Reserve CBDC 113

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

Stax

MARCH 11, 2025

There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. Nonetheless, the Eastern Central Caribbean Bank composed of the nations of Antigua and Barbuda, Dominica, Grenada, St.

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Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

PYMNTS

MARCH 30, 2020

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15.

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CBDC Interbank Settlement Digital Currency Central Bank 98

The Fintech Times

JANUARY 17, 2025

The country has witnessed organic growth in fintech and related subsectors, partly driven by the depreciation of the Turkish lira – which led to increased popularity of cryptocurrencies despite some setbacks including the closure of crypto houses such as Vebitcoin in 2021.

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FinTech Digital Payments Laws Credit Cards 59

PYMNTS

APRIL 11, 2018

The central banks of Japan and Hong Kong are interconnecting their systems to support faster cross-border payments and trade between the two markets, according to Reuters reports on Tuesday (April 10). The Bank of Japan announced the plans that reports said may be the first of their kind by any central bank.

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Central Bank Faster Payments Cross-Border Payments Cross-Border 46

PYMNTS

FEBRUARY 13, 2020

The funding will enable Elliptic to expand across Asia and collaborate with financial institutions for an increased understanding of the cryptocurrency ecosystem. Elliptic, founded in 2013, has become known for cryptocurrency platform tools that help find and block illicit transactions.

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Blockchain Risk Management Cryptocurrency Central Bank 100

PYMNTS

JANUARY 21, 2021

Raj Chowdhury , CEO of HashCash Consultants, said the platform was intended to "help reduce processing time through instant settlements and safe, online exchange of documents.". With HashCash's solutions, the USA -based bank can protect their data through encryption and blockchain immutability," he said, according to the release.

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