Faster cross-border transactions could be one of the most significant benefits of a United States central bank digital currency (CBDC), a New York Fed official said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Monetary Authority of Singapore (MAS) has debuted Ubin+, a program to test the use of a wholesale central bank digital currency (CBDC) for cross-border foreign exchange settlement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In a pilot project that is said to be the first of its kind, the central banks of France, Singapore and Switzerland are collaborating in a joint trial of their experimental central bank digital currencies (CBDCs) and decentralized finance (DeFi) protocols. Get the Full Story...
A four-country test of a cross-border payments system using central bank digital currencies was a success, the Bank for International Settlements (BIS) declared last week, finding that creating international payments bridges “is a realistic and achievable goal.” Get the Full Story Complete the form to...
The Monetary Authority of Singapore and DBS Bank are running a trial of tokenized Singapore dollars that can be programmed for specific uses and allow merchants to be paid immediately. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Reserve Bank of India (RBI) has announced that the first of its pilot launches of a digital rupee will begin Tuesday (Nov. 1) with a “Digital Rupee — Wholesale segment.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Bank for International Settlements (BIS) on Wednesday (Oct. 26) published a report on Project mBridge, a four-nation collaborative pilot for cross-border central bank digital currencies (CBDCs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
If there’s one lesson to take away from the first anniversary of Nigeria’s struggling eNaira central bank digital currency (CBDC), it’s that China has shown wisdom with its extremely slow rollout of its digital yuan. Get the Full Story Complete the form to unlock this...
The Bank for International Settlements (BIS) and Hong Kong Monetary Authority said they’ve conducted an experiment showing central bank digital currencies (CBDCs) can work in tandem with private stablecoins. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
