A new study from the European Central Bank (ECB) has found that retail central bank digital currencies (rCBDCs), which could be used to allow for every-day retail transactions, will likely face an uphill climb in terms of being accepted. Get the Full Story Complete the...
In an announcement last month, the European Central Bank (ECB) revealed the five companies that have been selected to partake in a “prototyping exercise” as part of the two-year investigation phase of the digital euro project. Get the Full Story Complete the form to unlock...
Financial messaging system SWIFT said that it has solved one of the thorniest problems central bank digital currency (CBDC) developers have been wrestling with: How to use them for cross-border transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A group of Republican lawmakers is asking the U.S. Department of Justice (DOJ) to weigh in on the Federal Reserve’s proposed creation of a central bank digital currency (CBDC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
A study analyzing the international use of central bank digital currencies (CBDCs) and the underlying distributed ledger technologies (DLTs) shows promise for cross-border interoperability among countries with varying and emerging digital ecosystems. Get the Full Story Complete the form to unlock this article and enjoy...
A digital euro might be based on blockchain technology, but it will require middlemen to validate transactions, at least to begin with. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Bank for International Settlements (BIS) says it has carried out the first pilot of a central bank digital currency (CBDC) involving “four jurisdictions and real-value transactions.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A digital euro isn’t going to replace the United States dollar as the world’s reserve currency and leading international payments currency anytime soon. But it could help weaken it, or even speed its demise. Get the Full Story Complete the form to unlock this article...
The central banks of Sweden and Israel announced Wednesday (Sept. 28) that they will start exploring how central bank digital currencies (CBDCs) can be used for international retail and remittance payments in collaboration with the central bank of Norway and the Bank for International Settlements....
