CBDC - page 2

Blockchain & Crypto

E-Yuan App Adds New Feature for Foreigners

The new mobile top-up feature enables foreigners in China to use their overseas SIM cards to open an e-yuan wallet and recharge it with their bank cards or cash before making a payment.

Blockchain & Crypto

Swift Enters Beta Testing of CBDC Connector

Swift continues exploring CBDC interoperability, proceeding to the next testing phase with three central banks / monetary authorities and over 30 financial institutions involved

Blockchain & Crypto

Rep. Tom Emmer Revives Anti-CBDC Bill

Representative Tom Emmer and 49 original co-sponsors reintroduced the “CBDC Anti-Surveillance State Act” in the United States House of Representatives

Blockchain & Crypto

Israel and Hong Kong Finish Retail CBDC Test

Project Sela leveraged the diverse experience of the central banks of Israel and Hong Kong to create a retail central bank digital currency (CBDC)

News

Central Bank of Colombia Backs Partial Restrictions on Use of CBDC

Last week, the central bank of Colombia released a report suggesting that limiting CBDC with a high degree of probability may be the right strategy for a financial institution.

News

Mastercard Launches CBDC Partner Program With Major Blockchain Players

The set of partners at launch of the Mastercard CBDC Partner Program includes Ripple, Consensys, Fluency, Idemia, Consult Hyperion, Giesecke+Devrient and Fireblocks.

Blockchain & Crypto

Japanese Fintech Soramitsu to Develop Asian Cross-Border Payments System Using CBDCs and Stablecoins

Cambodia’s central bank digital currency (CBDC), Bakong, will become the foundation for an expanding international payment system for Asian countries

News

Palau Government Teams Ripple to Pilot Stablecoin

The Republic of Palau collaborates with Ripple to launch a government-backed stablecoin on XRP Ledger

Blockchain & Crypto

Nigeria Adds NFC Function to Boost eNaira Adoption

The Nigerian central bank hopes that the addition of NFC technology will improve the adoption rates for the country’s CBDC – eNaira

Blockchain & Crypto

BIS Says 93% of Central Banks Work on Digital Currencies

The Bank for International Settlements (BIS) conducted a new study, according to the results of which the growth of the popularity of digital currencies of the central bank (CBDC) was recorded.

Fintech & Ecommerce

Swiss National Bank Preps Wholesale CBDC Test

The central bank of Switzerland intends to issue a wholesale digital currency.

Blockchain & Crypto

Mercado Bitcoin Joins CBDC Project in Brazil

Besides the largest local crypto exchange Mercado Bitcoin, the pilot of the digital real CBDC in Brazil also involves Mastercard

News

Digital Yuan Now Available as a Payment Option in Qingdao Metro

China’s digital yuan central bank digital currency (CBDC) can be used for fare payments even if the passenger’s mobile phone has no signal or is out of battery

Blockchain & Crypto

BIS and Bank of England Complete CBDC Project

The pilot project of using the central bank’s digital currency (CBDC), in which the Bank of England (BoE) and the Bank for International Settlements (BIS) participated, has been completed.

News

Colombia’s Central Bank Chooses Ripple for CBDC Pilot

The pilot project will show whether Ripple’s new end-to-end CBDC platform could help boost Colombia’s high-value payment system

Finance & Economics

Thailand Begins Pilot Retail CBDC Project

The Central Bank of Thailand has launched a retail pilot project using the central bank’s digital currency (CBDC).

Central Bank Digital Currency (CBDC) News

Central Bank Digital Currency (CBDC) has recently been a hot topic in the financial world. As a result, many central banks worldwide are exploring the possibility of introducing their digital currencies, which their respective governments would back.

China has been leading the way in developing a CBDC, with their digital currency electronic payment (DCEP) already in the testing phase. Other countries are following suit, with the European Central Bank announcing that they will begin a two-year investigation into the potential for a digital euro. The Bank of Japan is also conducting research into a CBDC.

Proponents of CBDCs argue that they could increase financial inclusion, reduce the costs of transactions, and improve payment systems. However, there are concerns about privacy and the potential for CBDCs to be used for illicit activities.

Overall, the development of CBDCs is an exciting and rapidly-evolving area in the financial world, with many potential benefits and challenges to consider.