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A central bank digital currency (CBDC) could be the “holy grail” for cross-border payments, offering a solution that is “immediate, cheap, universal in terms of reach, and settled in a secure settlement medium,” the European Central Bank (ECB) said in a recent report on identifying the ultimate...
The public comments on a U.S. central bank digital currency (CBDC) are running overwhelmingly against a digital dollar, according to a libertarian think tank analyst. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Conventional wisdom holds that, as digital currencies continue to evolve and as bitcoin and its brethren joust with the traditional banking system, central banks would embrace central bank digital currencies (CBDCs) whole-heartedly. Get the Full Story Complete the form to unlock this article and enjoy...
About 50 countries are in the development, pilot or launch phase of a central bank digital currency (CBDC), according to Josh Lipsky, senior director at the Atlantic Council’s GeoEconomics Center. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Nigerian lenders have been putting up roadblocks against using the country’s digital currency, concerned about loss of revenue from traditional banking services, Central Bank of Nigeria Governor Godwin Emefiele said Tuesday (July 19). Get the Full Story Complete the form to unlock this article and...
Banks’ fears that a digital dollar would cost them depositors — and even make financial crises more severe — are overblown, according to a new Treasury Department report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The European Central Bank (ECB), like the Federal Reserve, the Bank of England and other central banks, is working on different projects to develop a central bank digital currency (CBDC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
