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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
S&P, banks, S&P Global Ratings, COVID-19, coronavirus, banking, Asia-Pacific, China, North America, Western Europe, US, Canada, loan, US Federal Reserve
The US Federal Reserve has created a new group to advise on its planned faster payments service, the FedNow Service.
US Federal Reserve, instant payment, US