In collaboration with the government of Singapore, JPMorgan, Amazon, IMF, and other industry heavyweights are working on a common standard for the use of digital money. The IMF has received…
Browsing: CBDCs
Bernstein’s recent research report highlights tokenization as a promising prospect, presenting a $5 trillion opportunity v in the next five years. Tokenization encompasses the process of transforming tangible assets into…
Despite best efforts from Central Banks, the contention around CBDCs is growing. More industry users are favoring Privacy coins. The push for the potential launch of a Central Bank Digital…
The BIS Innovation Hub has revealed the results of Project Rosalind, a collaboration between the Bank of England and the BIS Innovation Hub. Quant’s digital currency surged 20% following its…
A majority of countries including first-world countries such as the U.S. are working on CBDCs. Monero, ZCash, and Dash offer financial privacy in this digital age and are already attracting…
Cardano Founder Charles Hoskinson is not a big believer in the ideals of CBDCs. He recently highlighted some of the risks to watch out for in the much-pursued digital innovation…
According to a recent research, Ripple has now been ranked as an established leader for Central Bank digital currencies (CDBCs) Ripple is well positioned to pioneer growth in the CBDC…
Ripple is working with numerous countries in their development of CBDCs projects which are increasingly in demand. India which is a major economy is working on a pilot CBDC and…
At least 105 countries, representing over 95 percent of global GDP, are exploring the use case and development of CBDCs. The USDC and other stablecoins can co-exist with Central Bank…
The Stellar development foundation supports projects that provide easily accessible solutions. Allbridge, Axelar, Cubist, Kaladin, and Multichain are the foundation’s bridge bounty program winners. The Stellar development foundation (SDF) has…
SWIFT featured France and Germany’s apex banks, as well as global lenders, including HSBC, and UBS, in a recent experiment. SWIFT, in its experiment, collaborated with Capgemini to facilitate CBDC-to-CBDC…
U.S. President Joe Biden has released a crypto framework that will have a major impact on Bitcoin XRP, stablecoins, and CBDCs. The Whitehouse opined that the digital asset sector provides…
European Central Bank president says Bitcoin is worth nothing. Many users will turn to privacy coins when CBDCs become mainstream. In a recent statement, Christine Lagarde (the head of the…
The Digital Dollar Projects said that its new program seeks to explore the technological, business, and policy solutions of Digital Dollar. The DDP plans to launch the technical sandbox program…
Central banks still face challenges in rolling out CBDCs. Ripple suggests that authorities discuss together solutions to the CBDC rollout barriers. A new study by blockchain firm, Ripple, reveals that…
According to Ardoino, governments are likely to create their blockchains to facilitate the CBDC rollout as observed with China. And indeed, the Biden executive order on crypto indicates the country…
The EU finance chief has announced the presentation of a digital euro bill in early 2023. The European central bank has supported the move citing heightened demand, reduced transaction times,…
A recent study by Visa has revealed that SMBs plan to implement some form of crypto payment system this year. Many other enterprises have shown interest in the same, including…
The People’s Bank of China has revealed a machine that converts foreign currency into digital Yuan without the need for a bank account. China is keen to ensure that the…
Msgr. Urbanczyk noted the increased use of digital assets in smuggling and migrant exploitation. Over 100 central banks are exploring the use of CBDCs to provide crypto alternatives. The Vatican…