Articles with tag: central bank

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Libra may not deliver digital currency, but digital identity

06 Aug 2020 | Cryptocurrencies

‘In large parts of the world, Know-Your-Customer (KYC) could be replaced by Known- by-Zuck (KYZ) to the benefit of society as a whole’ The Digital Currency Revolution’ by David Birch

David Birch, Libra, CBDC, central banks, Facebook, Know-Your-Customer, identity, digital identity, identity verification, digital currency, synthetic hegemonic currency, digital wallets, Novi, Consult Hyperion

Cambodia-based fintech Clik secures USD 3.7 mln funding for financial inclusion

05 Aug 2020 | Payments General

Fintech startup Clik has completed the final close of its USD 3.7 million seed round for mobile payments, loyalty programmes, data visualisation, business intelligence, and cloud data services. 

Clik, fintech, Cambodia, funding, financial inclusion, mobile payments, loyalty programmes, data visualisation, business intelligence, cloud data services, Openway, Poems Pte, angel investors, National Bank of Cambodia, NBC, Central Bank Digital Currencies, Bakong, payment aggregator, payments, cards, wallets, bank accounts, mPOS, SoftPOS, eKYC

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

05 Aug 2020 | Cryptocurrencies

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

Brazil's central bank authorises payment tests via Facebook's WhatsApp

03 Aug 2020 | Mobile Payments

Visa and Mastercard have announced that Brazil’s central bank has authorised testing of payments via Facebook’s messaging service WhatsApp in the country, according to Reuters.

Brazil central bank, payment tests, Facebook, WhatsApp, Visa, Mastercard, payments, mobile payments, P2P payments, Brazil

Pngme, Open Banking Nigeria partner for API standardisation

30 Jul 2020 | Online & Mobile Banking

Open API solution provider Pngme has joined non-for-profit initiative Open Banking Nigeria for building a set of open APIs standards for the Nigerian financial services industry. 

Pngme, Open Banking Nigeria, partnership, API standards, Nigeria, Central Bank of Nigeria, financial inclusion, banks, consumers, API, toolkit, test environments, implementation standards, financial ecosystem, sandbox, data types, authentication

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

29 Jul 2020 | Cryptocurrencies

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

24 Jul 2020 | Cryptocurrencies

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

24 Jul 2020 | Cryptocurrencies

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

22 Jul 2020 | Online & Mobile Banking

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

Sberbank may be able to write off USD 2 billion state loan - Reuters

22 Jul 2020 | Payments General

Sberbank may be allowed to write off USD 2 billion in a subordinated loan from Russia’s Central Bank as part of the state’s support for its largest bank during the COVID-19 crisis, according to Reuters.

loans, Covid-19, financial services, Russia, lockdown, Sberbank, Russia Central Bank, finance ministry

Brazil Central Bank to authorize payments system involving WhatsApp

21 Jul 2020 | Online Payments

Brazil's Central Bank has announced it will authorize a payments system involving Facebook Inc's WhatsApp messaging service, to send money and make payments via chats.

Central Bank of Brazil, Brazil, Latin America, payment system, WhatsApp, Facebook, online payments,

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

21 Jul 2020 | Payments General

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

Dutch Central Bank grants PSD2 license to fintech Flow

20 Jul 2020 | Payments General

A Netherlands-based startup Flow Your Money has been licensed by the Dutch Central Bank as an Account Information and Payment Initiation Service Provider.

Flow Your Money, Dutch Central Bank, Account Information and Payment Initiation Service Provider, PSD2, bunq, account aggregation, mobile banking

Currencycloud secures e-money license from Dutch Central Bank to help drive European expansion

15 Jul 2020 | Payments General

Global payments platform Currencycloud has secured an e-money license from the Dutch Central Bank (De Nederlandsche Bank), allowing it to continue operating across the EU. 

Currencycloud, e-money license, Dutch Central Bank, Europe, expansion, payments, cross-border payments, fintech

CPMI's report states 19 building blocks to boost cross-border payments

14 Jul 2020 | Payments General

The Committee on Payments and Market Infrastructures (CPMI) has published a report which aims to make lasting improvements in cross-border payments.

Committee on Payments and Market Infrastructures, CPMI, cross-border payments, payments infrastructure, Finance Ministers, Central Bank Governors

BoE considering the launch of a digital currency

14 Jul 2020 | Cryptocurrencies

Bank of England (BoE), UK’s central bank, has announced the possibility of launching a digital currency.

BoE, digital currency, Bank of England, UK, banks, central bank digital currency, CBDC, payments, coronavirus, COVID-19

MAS completes Project Ubin for Central Bank Digital Currency

14 Jul 2020 | Cryptocurrencies

The Monetary Authority of Singapore (MAS) and Temasek have released a report to mark the successful conclusion phase of Project Ubin.

Project Ubin, MAS, Monetary Authority of Singapore, Temasek, JP Morgan, Central Bank Digital Currency, CBDC, blockchain, payments, multicurrency, ecosystem, cross-border payments, multiple currencies, foreign currency exchange

Chinese ride-hailing DiDi to trial China's central bank digital currency

14 Jul 2020 | Cryptocurrencies

DiDi, a large Chinese ride-hailing company, has created a task force to design and implement a trial of China’s central bank digital currency (CBDC) on its transportation platform.

DiDi, ride hailing, central bank digital currency, CBDC, China, DCEP, electronic payments, banks

Bank of Japan explores the potential offline use of a digital yen via CBDC

08 Jul 2020 | Cryptocurrencies

The Bank of Japan (BoJ) has published a research paper exploring the potential offline use of a digital yen using central bank digital currency (CBDC).

CBDC, central bank digital currency, decentralised CBDC, electronic money, smartphone, distributed ledger, SIM, cards, payments, Bank of Japan, Japan, BoJ

Moneycorp receives e-money license in Dublin for EU expansion

03 Jul 2020 | Online Payments

Moneycorp Group, a UK-based foreign exchange and payments company, has obtained an e-money and MiFID license to operate in Dublin, Ireland.

MoneyCorp, e-money, Dublin, Ireland, Europe, Central Bank of Ireland, E-money license, online payments, Brexit