Fabio Panetta, Member of the Executive Board of the European Central Bank (ECB), has a speech in which he touts the opportunity for central bank digital currencies (CBDCs) to enhance payments. He said there have been numerous disruptions like FinTechs and crypto which have shown...
Nearly a year after its launch in October 2021, Nigeria’s central bank digital currency (CBDC), the eNaira, is beginning to gain traction in the country. Following two recent announcements in the last month, eNaira use cases have been significantly expanded, with Flutterwave and Clickatell both...
Negotiations on a stablecoin regulatory bill last week indicated that the congressional sense of urgency on a U.S. central bank digital currency (CBDC) isn’t very strong. Reports said that negotiations between House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and its ranking minority member, Patrick...
It probably isn’t a coincidence that Bank of America’s cryptocurrency team stomped on the brakes regarding its prediction of a digital dollar as soon as 2025 right after the White House released a report on the technical challenges of a U.S. digital dollar. The Bank...
Bank of America strategists are revising an earlier prediction that the U.S. would issue a digital dollar by the end of the decade. According to a Bloomberg News report Friday (Sept. 23), BofA strategists Alkesh Shah and Andrew Moss say earlier projections that the digital...
While the Treasury Department report on “The Future of Money and Payments” was as carefully neutral as ever about the need for and desirability of a digital dollar, a great deal of attention was paid to the topic in the Sept. 16 report, one of...
One striking aspect of the Treasury Department’s Friday (Sept. 16) report, “The Future of Money and Payments” is how little space it dedicated to address banks’ fears about being disintermediated by a central bank digital currency (CBDC). On the one hand, it didn’t really break...
The European Central Bank (ECB) has selected five companies to be involved in a “prototyping exercise” that will be part of its two-year investigation phase into a digital euro, a central bank digital currency (CBDC) that could be used as an alternative to cash. The...
In what will be perceived as a victory for Nigeria’s central bank digital currency (CBDC), FinTech Flutterwave announced Wednesday (Sept. 14) that merchants using its platform can now accept eNaira payments from their customers. Flutterwave merchants can now enable the payment option on their dashboard...