Central bank digital currencies (CBDC)

Showing Latest Central bank digital currencies (CBDC)

Report: Central Bank Digital Currencies in Asia and the Pacific

07 Oct 22 @ 11:16

The rise of central bank digital currencies (CBDCs) is a global phenomenon. As of August 2022, two central banks have formally launched a CBDC: the Central Bank of the Bahamas... read more

The digital euro and the importance of central bank money

06 Oct 22 @ 09:37

More than 340 million Europeans carry euro banknotes and coins around as cash and pay in euro when they shop online. One of the key ECB responsibilities, alongside its main... read more

SWIFT paves way for global use of CBDCs and tokenised assets

05 Oct 22 @ 16:54

SWIFT says that it has demonstrated that Central Bank Digital Currencies (CBDCs) and tokenised assets can move seamlessly on existing financial infrastructure – a major milestone towards enabling their smooth... read more

Two more Central Banks announce CBDC intentions

26 Sep 22 @ 17:17

As we know, Central Banks around the world are, for the majority, looking at running pilots or proof of concepts on CBDC. The Hong Kong Monetary Authority (HKMA) has now... read more

ECB selects companies for prototyping of digital euro

19 Sep 22 @ 10:55

The European Central Bank (ECB) has announced the list of collaborators  they will contract with to develop potential user interfaces for the digital euro. The aim of this prototyping exercise... read more

Central Bank of India commits to digital rupee trial

09 Sep 22 @ 12:36

In February Payments Cards & Mobile reported India’s central bank says it will launch a digital rupee CBDC in the next financial year, according to the country’s finance minister. “Introduction... read more

UNCTAD wants action to curb cryptocurrencies in developing countries

12 Aug 22 @ 12:04

Global use of cryptocurrencies has increased exponentially during the COVID-19 pandemic, including in developing countries. While these private digital currencies have rewarded some, and facilitate remittances, they are an unstable... read more

Reserve Bank of Australia to explore use cases for CBDC

11 Aug 22 @ 13:35

The Reserve Bank of Australia is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC).... read more

Keynote: The BIS on crypto and DeFi

13 Jul 22 @ 10:25

This week sees the 36th Annual General Meeting of the International Swaps and Derivatives Association, held in Madrid. As part of his Keynote speech Pablo Hernández de Cos, Chair of the... read more

Business Payments Barometer – Fraud soars in cashless economy

27 Jun 22 @ 09:46

Bottomline has revealed that the shift to hybrid working has left businesses seriously exposed to insider fraud[1], with over half of businesses (52% in GB and 63% in the US)... read more

Long Read: The Metaverse – Is it a fad or the future?

20 Jun 22 @ 19:52

Facebook is so convinced the metaverse is the future, it’s changed its name. But is a fully-digital life possible, or even desirable? James Wood, Payments Cards & Mobile Managing Editor... read more

Survey: Merchants getting ready for cryptocurrency

16 Jun 22 @ 10:07

When an American online retailer became the first major merchant worldwide to accept cryptocurrency as payment in 2014, it was big news. Since then, digital currency has entered the mainstream.... read more

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Wero expands merchant payments in France with Orange

06 Sep 26 @ 19:31

Wero is moving further beyond its origins as a peer-to-peer payment service, with Orange becoming the first merchant in France to offer subscription bill paymen... more

ECB and Brazil explore cross-border link between TIPS and Pix

06 Sep 26 @ 19:32

The European Central Bank and Banco Central do Brasil are examining whether Europe’s TIPS instant-payment infrastructure could be connected with Brazil’s hu... more

US Bank tests its own Stablecoin for Cross-Border Payments

10 Sep 26 @ 15:44

US Bank has completed a live cross-border transaction using its own dollar-backed stablecoin, becoming one of the latest major lenders to test whether blockchai... more