Ripple’s (XRP) advisor on central bank digital currency (CBDC), Anthony Welfare, revealed that the company has “several pilots” in the works related to CBDCs which will be made public in the coming we...
Tag: CBDC
Four banks that India’s RBI is kicking off CBDC test 1
RBI (Reserve Bank of India) has selected four banks that would help with the pilot test of its CBDC, the digital Rupee. According to several reports, the premier banks want the four public banks to he...
Ripple Has More CBDC Projects to Come: Ripple Advisor
Many countries across the international community took the initiative of developing CBDCs lately. Traditional blockchain companies like Ripple Labs were also employed with such tasks. Ripple was appoi...
RBI to Trial CBDC With the Participation of Public-Sector Banks
58 mins ago | 2 mins read Editors News RBI asked four government-owned banks to participate in the CBDC trial. Recently, the RBI declared that the CBDC will launch in 3 stages. Ahead of the launch of ...
Exiled Myanmar democratic leaders want to issue CBDC to fund the revolution
Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voiced its own intention to launch one using frozen...
Myanmar Government Making Efforts to Issue CBDC Soon
44 seconds ago | 2 mins read Altcoin News Federal Reserve Bank of New York has frozen funds since February 2021. The funds are essential for the country’s “revolutionary efforts” as per Minister. The ...
Reserve Bank of India preparing to trial a CBDC with public sector banks and fintechs
The Reserve Bank of India (RBI) is in talks with fintech companies and state-controlled banks about a trial run of a central bank digital currency (CBDC), local publication Moneycontrol reported on Se...
Ghanaian Central Bank Allays Fears That a CBDC Will Disrupt Mobile Money Operations – Fintech Bitcoin News
The Bank of Ghana has said the expected implementation of the central bank digital currency will not disrupt or negatively impact the operations of mobile money operators. Rather, the central bank exp...
IMF Seeks to Develop a Platform for International CBDC Transactions – crypto.news
The Monetary and Capital Markets Department of the IMF’s director and division chief will soon release a document outlining a design for a platform to assist CBDC clearing and settlement transactions ...
World Economic Forum Discuss CBDC Adoption and DLT Use-cases
The WEF will help and inform the central banks to understand the potential of CBDCs and DLT. This step shows an interest in the technologies gaining traction. On August 31, 2022 the World Economic For...
CBDC an ideal monetary system
International Monetary Fund (IMF) executives have lauded the qualities of the Central Bank Digital Currency (CBDC). According to a publication by the body, they have attributed several qualities to th...
World Economic Forum weighs in on CBDC adoption and DLT use cases
World Economic Forum (WEF) published its dynamic take on CBDCs in a blog post titled, “What are central bank digital currencies (CBDCs)?” on August 31, following The Reserve Bank of Australia’s centra...
Ripple to Participate in the Digital Dollar Project’s CBDC Sandbox Program – Featured Bitcoin News
The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementati...
Digital Dollar Project Floats Sandbox for Harness Potential CBDC Solutions
The Digital Dollar Project (DDP) has announced the launch of its Technical Sandbox Program launch, which will further explore the potential of the technical exploration of a U.S. Central Bank Digital ...
Ripple Partook In New Digital Dollar Initiative To Help Explore Resolutions For U.S CBDC Program
Ripple, and several other companies, including Knox Network, EMTECH, and Digital Asset, will collaborate on the initiative. Ripple will participate in a newly launched initiative by The Digital Dolla...
New Global CBDC Platform Could Cut Payment Costs, IMF Says
“The worry is that the longer this takes, the more national authorities will get locked into differing regulatory frameworks,” Aditya Narain, deputy director of the IMF’s monetary and capital markets ...
Digital Dollar Project Plans to Explore CBDC
Ripple to help explore solutions for U.S. CBDC The non-profit organization plans to work with crypto platforms like Digital Asset and Ripple They’ll explore technical and policy aspects of a digital ...
Digital Dollar Project Launches Technical Sandbox Program to Explore CBDC Infrastructure Solutions
Digital Asset, EMTECH, Knox Networks, and Ripple are named among the participants of the new program. Authorities have announced a huge step towards the implementation of the US Central Bank Digital C...
Digital Dollar Project Plans to Explore CBDC Technical Solutions With New Sandbox
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Ripple Joins New Digital Dollar Initiative to Help Explore Solutions for U.S. CBDC Program
Gamza Khanzadaev Ripple to help explore solutions for U.S. CBDC amid ongoing litigation against SEC Ripple will participate in a new initiative from The Digital Dollar Project, a nonprofit organizatio...
Federal Reserve’s FedNow payments system will be live within a year, says Brainard
The Federal Reserve is getting closer to delivering its much-anticipated instant payments system, FedNow. In a virtual speech on August 29, Fed Vice Chair Lael Brainard announced: “We will be r...
Nigerian Central Bank Slashes CBDC Transaction Fees by 50% – Africa Bitcoin News
The Central Bank of Nigeria has said it is slashing transaction fees for the e-naira platform by 50% — a move which the bank claims will increase the volume of transactions on the central bank digital...
CBDC Alternative FedNow to Launch Next Summer
Key Takeaways Federal Reserve Vice Chair Lael Brainard announced today that FedNow is scheduled to launch between May and July 2023. FedNow is the Federal Reserve’s instant payment service; it will al...
China begins next phase of CBDC testing with e-CNY payment for public transport
According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible...
Nigerian Central Bank Targets Tenfold Increase in Number of CBDC Users, Governor Says Use of Cash Will ‘Dissipate to Zero’ – Emerging Markets Bitcoin News
Despite the apparent slow embrace of the e-naira digital currency by Nigerians, the Central Bank of Nigeria governor has said his institution is targeting a tenfold increase in the number of users of ...
CBDC Could Combat Market Dominance
The ECB is considering how a CBDC Bitcoin and Ethereum do not classify as currencies David Marcus has transitioned towards working on Bitcoin The European Central Bank uncovered a conversation paper t...
Nigeria’s Central Bank Targets 8 Million Users in CBDC Drive – crypto.news
Nigeria is seeking to double the number of users of its digital currency before the end of the year by wooing more unbanked people. The Central Bank of Nigeria (CBN) launched the e-Naira in October 20...
The ECB Considers Using CBDC To Prevent Market Dominance From BigTech
The European Central Bank (ECB) is considering using central bank digital currencies (CBDC) as means of curbing the market dominance of big tech firms. The body is unveiling a discussion paper that wi...
CBDC Could Combat Market Dominance From BigTech: ECB
The European Central Bank unveiled a discussion paper this week on the pros, cons, and economics of implementing central bank digital currency (CBDC). It suggested that CBDCs could help stave off domi...
Colombia eyes on CBDC, Says Tax Agency Official
CBDCs are an electronic form of government-backed money They are issued and regulated by a nation’s central bank The primary objective of creating a CBDC is to stop tax evasion A high-ranking represen...
CBDC is crucial for financial stability – European Central Bank
The European Apex Bank has registered a strong belief in Central Bank Digital Currency (CBDC). According to the financial institution, CBDC will aid the seamless continuation of the traditional moneta...
Colombia Soon to Launch A CBDC to Reduce tax Evasion and Facilitate Transactions
With the aim to facilitate transactions and mitigate tax evasion, Colombia is planning to introduce a central bank digital currency (CBDC). Head of the Colombian Tax and Customs Office, Luis Carlos Re...