The digital euro is moving out of central bank planning and into checkout, with implications for merchants in the United States and payments providers. The European Central Bank opened applications Sept. 15 for eCommerce and mobile commerce merchants to join a 12-month digital euro pilot...
The European Central Bank is expanding its digital euro efforts with its new Pontes solution. Announced Monday (Sept. 21), Pontes allows wholesale transactions in tokenized assets to be settled using central bank money. “The Eurosystem is working to enable a more integrated, innovative and resilient European financial market...
A four-year ban on a U.S. central bank digital currency (CBDC) is set to take effect if a housing bill becomes law Saturday (July 11), CoinDesk reported Friday (July 10). The ban is included in the bill that was approved by Congress and sent to President...
A four-year ban on the development of a U.S. central bank digital currency (CBDC) is included in a housing affordability bill that was passed Monday night (June 22) by the Senate. The bipartisan bill, the 21st Century ROAD to Housing Act, passed the Senate on a...
The digital euro is reportedly closer to becoming a reality following a Tuesday (June 23) vote. As Bloomberg News reported, the European Parliament’s ECON Committee approved a plan to launch both online and offline versions of the currency, which the European Central Bank hopes to introduce...
China has reportedly recruited 26 financial institutions for its digital yuan effort. According to a Tuesday (June 16) report from Reuters, the effort is part of China’s plan to expand efficient and low-cost cross-border payments and promote global adoption of the yuan. The agreement lets participants to...
The European Central Bank’s effort to build a homegrown payments system using a digital euro is being slowed by European banks’ concerns that the solution would lead to customers transferring cash from banks to an ECB wallet, Reuters reported Thursday (May 21). These concerns have...
Before returning to office, President Donald Trump promised to outlaw central bank digital currencies (CBDCs). But Timothy Massad, former chairman of the Commodity Futures Trading Commission (CFTC), told CoinDesk Tuesday (May 19) that the market could overrule the White House. Global market dynamics make a digital dollar inevitable, Massad...
Is South Korea prioritizing central bank digital currencies (CBDCs) over stablecoins? As CoinDesk notes in a report Tuesday (April 21), the new governor of the country’s central bank used his first address in office to focus on the former while making no mention of the latter. Shin...