Articles with tag: cbd

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How CBDCs can operate seamlessly with existing networks – and why they should

Voice of the Industry | Online Payments | 25 Nov 2020

Mastercard’s Raj Dhamodharan agrees that CBDCs could work alongside existing schemes such as RTP to enable central banks to focus on CBDC minting and issuance while banks and PSPs focus on payment processing and distribution through existing channels

Raj Dhamodharan, Mastercard, CBDC, blockchain, payments, banking, PSP, innovation, distributed ledger, digital asset technologies, central banks, real time payments, settlement, RTP

The blueprint for financial inclusion – Mojaloop's vision for solving the unbanked problem

Interviews | Payments General | 20 Nov 2020

The Paypers interviewed Paula Hunter from the Mojaloop Foundation to learn how financial inclusion can happen in vital regions across the world when an open source approach is embraced

Mojaloop, Mojaloop Foundation, Paula Hunter, financial inclusion, charitable nonprofit, digital finance, open finance, interoperability, real-time payments, transactions, mobile money, central banks, unbanked, SME, credit score, lending, Central Bank Digital Currency, CBDC, blockchain, KYC

Lebanon to launch digital currency in 2021, central bank governor says

News | Cryptocurrencies | 13 Nov 2020

Banque Du LibanLebanon's central bank governor has announced plans to launch a digital currency in 2021.

CBDC, Lebanon, central banks, cryptocurrency, lira, dollar, payments, remittances, Banque Du Liban

Cypherium challenges CBDC incompatibility via its mainnet

News | Cryptocurrencies | 10 Nov 2020

Cypherium, an enterprise-focused blockchain platform facilitating interoperability between blockchains and Central Bank Digital Currencies (CBDCs), has shipped its mainnet.

CBDC, payments interoperability, central banks, payments, blockchain, smart contracts, CypherBFT, Cypherium

Bank of Canada furthers digital currency plan

News | Cryptocurrencies | 06 Nov 2020

Plans for a national digital currency have now moved beyond the trial phase, according to the governor of the Bank of Canada.

central bank digital currency, CBDC, Canada, Bank of Canada, banks, stablecoins

Huawei's new line of smartphones to feature digital yuan compatible wallet

News | Mobile Payments | 04 Nov 2020

Huawei has announced that the Mate 40 line of devices will feature a hardware wallet that will allow users to make transactions with China’s digital yuan CBDC.

Huawei, China, Asia, product launch, NFC payments, CBDC, digital yuan, transactions, e-wallet, Mate 40

The European Central Bank asks for public's opinion on CBDC

News | Cryptocurrencies | 02 Nov 2020

The European Central Bank has announced a survey of public opinion regarding the issuance of a digital euro, implying the central bank is considering a retail CBDC.

European Central Bank, ECB, central bank digital currency, CBDC, survey, Europe,

The Reserve Bank of Australia looking into developing a CBDC

News | Cryptocurrencies | 02 Nov 2020

The Reserve Bank of Australia (RBA) has announced its intentions of developing a central bank digital currency (CDBC) with the help of new partners.

Reserve Bank of Australia, RBA, CBDC, central bank digital currency, Commonwealth Bank, National Australia Bank, Perpetual, ConsenSys, Ehereum, cryptocurrency, banking, New Payments Platform

Central Bank Digital Currency (CBDC) – building together the future of money (and humanity)

Voice of the Industry | Cryptocurrencies | 02 Nov 2020

We can do better than build back the pre-pandemic world – we can build forward to a world that is more resilient, sustainable, and inclusive. We must seize this new Bretton Woods momentKristalina Georgieva, IMF Managing Director, Washington, DC on 15th October 2020

central bank digital currency, CBDC, Covid-19, payments digitalisation, Libra, cross-border payment, cryptocurrencies, tokens, stablecoins, reserve currency, SWIFT, fiscal stimulus, FED, interest rates, central banks, commercial banks, BIS, IMF

Societe Generale - Forge selects ConsenSys for CBDC experiments

News | Cryptocurrencies | 29 Oct 2020

France-based digital capital markets platform Societe Generale – Forge has selected ConsenSys to provide technology and services for its Central Bank Digital Currency (CBDC) pilot activities.

Societe Generale, Forge, ConsenSys, CBDC, France, blockchain, Banque de France, central bank

The Bahamas launches the Sand Dollar CBDC

News | Mobile Payments | 21 Oct 2020

The Bahamas has launched a central bank digital currency, Sand Dollar.

Bahamas, CBDC, Sand Dollar, digital currency, mobile payments, mobile transfers, e-wallet, central bank

China tests its CBDC in Shenzen

News | Online Payments | 20 Oct 2020

China’s USD 1.5 million digital Yuan giveaway has completed successfully, with winners spending around 88% of the total prize pool.

CBDC, digital Yuan, China, digital currency, electronic payment, PBoC

Cordite Society launches Corda Network digital currency

News | Cryptocurrencies | 20 Oct 2020

Cordite Society, a co-operative society registered in the UK, has launched XDC, the first Corda Network digital currency, according to the official press release.

DeFi, stablecoin, cryptocurrency, token, Cordite Society, UK, Corda, blockchain, R3, CBDC

Commercial Bank of Dubai, NOW Money to provide financial inclusion across the UAE

News | Payments General | 19 Oct 2020

Commercial Bank of Dubai (CBD) has signed a partnership agreement with NOW Money, a digital account service, to provide accounts and cards targeted specifically at low-income customers.

Commercial Bank of Dubai, CBD, financial inclusion, NOW Money, banking, digital banking, Payment Services Provider, payroll service, financial inclusion

Central banks set out to regulate stablecoins like Facebook's Libra

News | Cryptocurrencies | 13 Oct 2020

Central banks have set out to regulate cross-border stablecoins with a common approach, adding that more rules may later be needed to ensure stability.

stablecoins, cryptocurrency, Libra, Facebook, banks, central banks, CBDC, bank capital, anti-money laundering, regulation

China's CBDC will be distributed in Shenzhen as part of public trials

News | Cryptocurrencies | 12 Oct 2020

The Chinese city of Shenzhen has announced plans to distribute over 10 million yuan in China’s upcoming digital currency as part of public trials.

Digital Currency Electronic Payment, wallets, digital yuan, merchants, trials, payments digitalisation, DCEP, CBDC, China,

ECB to launch consultation paper on the 'digital euro'

News | Cryptocurrencies | 12 Oct 2020

The European Central Bank will be launching a public consultation and start experiments to help decide whether to issue 'digital euro' for 19-nation block.

digital euro, CBDC, payments, banking, digital euro, Europe, ECB, consultation paper

Central banks discuss digital currency amid Facebook's Libra and China's digital yuan

News | Cryptocurrencies | 12 Oct 2020

A group of seven major central banks including the US Federal Reserve have discussed how a digital currency could look like to help catch up with Facebook’s Libra and China’s digital yuan.

central banks, CBDC, Bank of England, digital renminbi, Facebook Libra, US Federal Reserve

BIS, central banks publish CBDC report laying out key requirements

News | Cryptocurrencies | 12 Oct 2020

The Bank for International Settlements (BIS) together with a group of seven central banks have published a central bank digital currency (CBDC) report laying out key requirements for CBDC.

CBDC, BIS, Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve, Sveriges Riksbank, Swiss National Bank

Bank of Korea plans cryptocurrency (CBDC) testing in 2021

News | Cryptocurrencies | 08 Oct 2020

South Korea’s central bank has revealed that the third and final phase of its pilot programme for a CBDC will commence in 2021.

Bank of Korea, cryptocurrency, CBDC, South Korea, central bank, BOK, central bank digital currency