A digital dollar experiment by the Boston Fed and MIT was able to produce a functioning and fault-tolerant central bank digital currency (CBDC) design that could handle 1.7 million transactions per second, with 99% completed within one second. And it isn’t built on a blockchain....
Central Bank of Jordan Governor Adel Al Sharkas said recently the agency is considering whether to create its own central bank digital currency (CBDC) that would be linked with the country’s national currency (the Jordanian dinar), according to a New Business Herald report Tuesday (Feb....
Jamaica hopes its new central bank digital currency (CBDC), due to be unveiled in the first quarter of the year, will help the country’s unbanked population. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
This week in central bank digital currencies (CDBCs), the Federal Reserve sounds a note of caution about a nationwide digital currency, while Japan and Iran show more interest. Also, Russia tests the digital ruble while its finance ministry says cryptocurrency should be regulated, not banned....
China’s food delivery service Meituan has become the latest tech firm to let customers use central bank digital currency (CBDC) payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Bank of America has said a digital currency for the U.S. is “inevitable,” and might occur sometime between 2025 to 2030, Bloomberg writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
South Korea’s central bank has concluded the first phase of its test of a central bank digital currency (CBDC), CoinDesk reported Monday (Jan. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Federal Reserve released its long-awaited working paper on the benefits and risks of creating a U.S. central bank digital currency (CBDC) last week. In it, it was clear that the Fed didn’t want to take a position on this issue and doesn’t intend to...
The Fed released its long-awaited paper on Central Bank Digital Currencies last week. After reading it, I don’t get the feeling that even the authors themselves are convinced that a CBDC is the right course of action for the U.S. central bank to take —...
