Articles with tag: central banks

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PayPal to allow crypto transactions on its network

22 Oct 2020 | Cryptocurrencies

PayPal has joined the cryptocurrency market, allowing customers to buy, sell, and hold Bitcoin and other virtual coins using the US digital payments company’s online wallets.

online wallets, PayPal, Cryptocurrency, Bitcoin, virtual coins, Ethereum, bitcoin cash, Litecoin, central banks

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

13 Oct 2020 | Cryptocurrencies

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

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

12 Oct 2020 | Cryptocurrencies

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

ECB should plan digital euro issuance, board member says

02 Oct 2020 | Online & Mobile Banking

A board member of the European Central Bank has declared that the bank should prepare to issue a digital euro to complement banknotes, according to Reuters.

ECB, European Central Bank, Europe, digital euro, banknotes, banks, central banks, digital currencies, electronic payments, private tokens, Bitcoin, Facebook, Libra, electronic money, commercial bank, Bluetooth, pre-paid cards, banking system

Mastercard initiates Central Bank Digital Currencies (CBDCs) testing platform

10 Sep 2020 | Cryptocurrencies

Mastercard has launched a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDCs) use cases.

CBDC, digital currency, Mastercard, payments, central banks, commercial banks, technology providers, payments processors, testing platform

Fed joins MIT's digital currency initiative to explore Central Bank Digital Currency

04 Sep 2020 | Cryptocurrencies

The Federal Reserve Bank (FRB) has taken CBDCs seriously and has been engaged in efforts to research a path toward implementation.

distributed ledger, CBDC, FED, MIT Digital Currency Initiative, digital currency, US, central banks, commercial banks

eCurrency brings CBDC benefits to all in ecosystem utilising digital secure currency technology

04 Sep 2020 | Payments General

‘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

Nick Ogden, Microsoft launch new network for cross-border payments

03 Sep 2020 | Payments General

RTGS Global, a global cross-border liquidity network, together with Microsoft have developed a new system which enables banks to gain visibility of liquidity between their counterparties.

cross border payments, WorldPay, ClearBank, RTGS Global, Microsoft, vostro, nostro, Nick Ogden, fintech, central banks, correspondent banking, settlement, reconciliation

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

02 Sep 2020 | Cryptocurrencies

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

Bank of Korea to pick consulting partner for CBDC

31 Aug 2020 | Cryptocurrencies

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

24 Aug 2020 | Cryptocurrencies

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

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

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

BIS Innovation Hub to expand to new locations in Europe and North America

01 Jul 2020 | Payments General

BIS Innovation Hub has announced plans to extend its reach with new centres over the next two years in collaboration with central banks from Europe and North America.

BIS Innovation Hub, Europe, North America, central banks, BIS Innovation Hub, fintech, Bank of Canada, Bank of England, European Central Bank, Eurosystem, Danmarks Nationalbank, Central Bank of Iceland, Central Bank of Norway, Sveriges Riksbank, Federal Reserve System, Hong Kong Monetary Authority, Monetary Authority of Singapore, Swiss National Bank

Coronavirus speeds research around central bank digital currencies

16 Jun 2020 | Cryptocurrencies

The coronavirus pandemic has been accelerating the development of central bank digital currencies (CBDCs), central bank officials said.

BoE, CBDC, central banks digital currency, Libra, stablecoin, Facebook, contactless payments, digital payments, coronavirus

Covid-19 – Embracing the contactless payment habit doesn't mean you need a card. New payment methods are breaking through

12 May 2020 | Mobile Payments

Peter Theunis, CEO of Radar Payments by BPC, makes a thorough overview on how implementing mobile payment methods can help with better navigating the COVID-19 pandemic

Peter Theunis, Radar Payments, BPC, Banking Payments Context, mobile payments, covid19, pandemic, Atomic Habits, New York Times, contactless technology, payment habits, mobile wallet, fitbit smartwatch, contactless payments, cashless, payment networks, cash transactions, central banks, near field communication, NFC, strong customer authentication, SCA, PSP, ApplePay, GooglePay, QR code payment, NFC technologies

New e-payment platform released by NCS and NETS for Central Banks in APAC

14 Apr 2020 | Online & Mobile Banking

NCS has signed a memorandum of understanding (MOU) with the NETS Group to develop a new real-time electronic payment and securities settlement platform for central banks. 

e-payment, e-payment platform, NCS, NETS, Singtel, central banks, APAC, MOU, payment system, inter-bank fund transfer, monetary policies, payment ecosystem

Bank of Japan calls for more scrutiny in issuing digital currency

27 Feb 2020 | Cryptocurrencies

Bank of Japan’s Deputy Governor has said that central banks must get a better understanding of the benefits and risks of issuing their own digital currencies.

Bank of Japan, cryptocurrency, central bank digital currency, CBDC, Central Banks, innovation, Japan, money laundering

Utility Settlement Coin to team up with Adhara to develop digital money

25 Feb 2020 | Cryptocurrencies

Utility Settlement Coin (USC), a blockchain-based payments system involving commercial and central banks, will be working with Adhara, a stratup backed by ConsenSys, CoinDesk has learned.

Utility Settlement Coin, blockchain, cryptocurrency, payments system, central banks, commercial banks, Fnality, Quorum, CBDC

Adoption and potential of central bank digital currencies, study

18 Feb 2020 | Cryptocurrencies

Central banks in established countries appear to be taking a cautious stance on the transition from fiat currencies to central bank digital currency (CBDC), Cointelegraph reported.

central bank digital currency, CBDC, digital currencies, cryptocurrencies, stablecoins, China, banks, central banks