Articles with tag: central bank digital currency

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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

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

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

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

Hong Kong Monetary Authority selects ConsenSys for CBDC project

News | Cryptocurrencies | 28 Sep 2020

The Hong Kong Monetary Authority (HKMA) has selected ConsenSys, a US-based blockchain company, to develop a central bank digital currency (CBDC) project.

Hong Kong Monetary Authority, HKMA, ConsenSys, blockchain, CBDC, central bank digital currency, cross border payments, Singapore

Brazil's central bank announces CDBC rollout in two years

News | Cryptocurrencies | 04 Sep 2020

The president of Brazil’s central bank has announced Brazilians could expect to see a central bank digital currency (CDBC) before 2023.

Banco Central, Brazil, open banking, PIX, central bank digital currency, CBDC, P2P payments, B2B payments

eCurrency brings CBDC benefits to all in ecosystem utilising digital symmetric core currency cryptography (DSC3) technology

Interviews | Payments General | 04 Sep 2020

‘Choices around the technology used for CBDC are important as they would have a significant impact on the extent to which CBDC meets our overall objectives’, The Bank of England

Central Bank Digital Currency, Lars Arvidsson, eCurrency, Bank of England, DLT, digital wallets, central banks, commercial banks, Digital Secure Currency, payment cards, mobile money wallets

The American Central Bank Digital Currency plan – quiet, powerful, imminent

Voice of the Industry | Cryptocurrencies | 02 Sep 2020

Douwe Lycklama, Innopay: After years of cash reduction in favour of commercial banks debt money, now central banks can regain some of their position once held in a cash society

Douwe Lycklama, INNOPAY, CBDC, central bank digital currency, programmable money, digital wallet, tokens, Decentralised Finance, DeFi, US, central banks

After soft launch of digital yuan wallet, Chinese bank disables the app

News | Cryptocurrencies | 31 Aug 2020

China Construction Bank (CCB) had opened a wallet service for China’s central bank digital currency to public users, however it has disabled it after the feature gained widespread attention.

DCEP, digital yuan, central bank digital currency, China, China Construction Bank, innovation, mobile wallet, mobile app

Bank of Korea to pick consulting partner for CBDC

News | Cryptocurrencies | 31 Aug 2020

The Bank of Korea (BOK) has been accelerating its drive for the timely establishment of a central bank digital currency (CBDC) pilot system.

CBDC, architecture, central banks, central bank digital currency, Bank of Korea, cryptocurrency, pilot, trial

Interview with Cypherium about blockchains and Central Bank Digital Currencies trials

Interviews | Cryptocurrencies | 24 Aug 2020

Blockchain, or ‘distributed ledger’ technology that underpins Bitcoin, has emerged as an object of intense interest in the financial services industry and beyond

financial services, blockchain, central bank digital currency, CBDC, central banks, Sky Guo, Cypherium, digital currencies, DLT, China

Major Chinese cities announce testing of Central Bank Digital Currency

News | Cryptocurrencies | 21 Aug 2020

Chinese Central Bank Digital Currency (CBDC) will soon be tested in ‘Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region’ according to China’s Ministry of Commerce.

Central Bank Digital Currency, CBDC, China, digital yuan, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, digital wallet app, accounts, money, payments, money transfer

Does China's Digital Currency have a chance to supplant a digital dollar as a global reserve currency?

Voice of the Industry | Cryptocurrencies | 05 Aug 2020

The principal threat to the role of the dollar as Prime currency comes not from Facebook but from China’ ‘The Digital Currency Revolution’ by David Birch

David Birch, digital currency, central bank digital currency, Facebook, China, trade, economy, central bank reserves, central bank, payments, innovation

Suzhou signs MOU with Cypherium to advance blockchain development after CBDC trials

News | Cryptocurrencies | 29 Jul 2020

Cypherium, an enterprise-focused blockchain platform, has signed a Memorandum of Understanding with Suzhou City Municipal to advance the city’s development of blockchain infrastructure.

Cypherium, blockchain, CBDC trials, China, DC/EP, central bank digital currency

Central Bank Digital Currencies: evolution, not revolution

Voice of the Industry | Cryptocurrencies | 24 Jul 2020

In our second instalment of CBDC series, Barry Topf, Chief Economist at Saga Monetary Technologies, discusses the potential CBDCs hold but also the great hidden risks, especially in terms of privacy

Saga Monetary Technologies, Barry Topf, CBDC, Central Bank Digital Currency, crypto, digitalisation, tokens, trust, security, central banks, central bank money, interest rate, financial stability, Saga token, SGA

Central Bank Digital Currencies for dummies – a quick guide into CBDCs from the Dutch Central Bank

Interviews | Cryptocurrencies | 24 Jul 2020

Harro Boven, Policy Advisor at the Dutch Central Bank: ‘The introduction of CBDC would involve a structural reform of the monetary system

Central Bank Digital Currency, CBDCs, Covid-19, digitalisation, cenytral banks, crypto, cash decline, bank account, financial stability, Harro Boven, DNB

Bank of Japan sets up new team to explore Central Bank Digital Currency

News | Online & Mobile Banking | 22 Jul 2020

The Bank of Japan (BOJ) has set up a new team to explore the implications of central bank digital currencies.

Bank of Japan, banks, Central Bank Digital Currency, BOJ, CBDC, digital currencies, Japan

Banque de France announces candidates for experiments with Central Bank Digital Currency (CBDC)

News | Payments General | 21 Jul 2020

Banque de France has announced the overview of candidates selected for experiments with Central Bank Digital Currency (CBDC).

Accenture, Euroclear, HSBC, Iznes, LiquidShare, ProsperUS, SEBA Bank, Société Générale, banking, central bank digital currency, CBDC, Banque de France, payments