article thumbnail

France’s Central Bank Latest To Ponder A Digital Currency

PYMNTS

Beau wants to use distributed ledger technology (DLT), and France is considering a central bank digital currency (CBDC). Digital tokens could also help, he said, adding that if you combine tokens with DLT, you could easily move money, as well as “help in answering market’s demands.”.

article thumbnail

SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

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). Central Bank Digital Currencies must therefore be able to work together quickly, easily and securely across national borders.

CBDC 113
article thumbnail

Ripple Announces Line Of Credit Offering

PYMNTS

8) announced a beta offering called Line of Credit that it says lets its FinTech customers use the XRP digital currency to send cross-border payments. Enterprise blockchain service provider Ripple on Thursday (Oct. The service is not available to individuals.

article thumbnail

Bitcoin Daily: Italy's Banks Test Digital Euro On DLT

PYMNTS

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.

article thumbnail

5 Top Payment Trends Impacting Asia in 2024

Fintech News

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

article thumbnail

RTP, Blockchain Make Inroads Within Corporations

PYMNTS

Mastercard Leads Central Bank Digital Currency Test. With distributed ledger technology (DLT) an increasingly attractive payment rail alternative, some payments conglomerates operating in the world of traditional rails have expanded in recent years to consider blockchain.

RTP 105
article thumbnail

Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Regulators and lawmakers, however, can latch onto digital currency efforts as they must monitor and also supervise such stablecoins. In a paper that debuted Tuesday (Nov.