Cambodia’s central bank digital currency (CBDC), Bakong, will become the foundation for an expanding international payment system for Asian countries
The Republic of Palau collaborates with Ripple to launch a government-backed stablecoin on XRP Ledger
The Nigerian central bank hopes that the addition of NFC technology will improve the adoption rates for the country’s CBDC – eNaira
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.
The central bank of Switzerland intends to issue a wholesale digital currency.
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
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.
The pilot project will show whether Ripple’s new end-to-end CBDC platform could help boost Colombia’s high-value payment system
The Central Bank of Thailand has launched a retail pilot project using the central bank’s digital currency (CBDC).
A recent survey found that twice as many Americans are against (34%) the Federal Reserve offering a CBDC compared to those who favour centralized cryptocurrencies (16%)
In Australia, the Reserve Bank, in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), demonstrated the potential use cases and economic benefits of the central bank’s digital currency (CBDC).
Ripple has announced the introduction of a comprehensive CBDC platform.
The media reported that Samsung is currently working with the Bank of Korea to create a central bank digital currency (CBDC).
Identifying new use cases for Brazil’s central bank digital currency (CBDC), Visa created a programmable finance platform for SMEs, particularly farmers, using tokenized farm contracts to access global capital markets
Zimbabwe has presented a digital currency that is backed by gold.
Central Bank of Brazil is ready to start trials of its proposed CBDC across various use cases including in-store and offline NFC payments
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.
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