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 —...
The Federal Reserve has finally dropped its long-awaited central bank digital currency report and it is … careful. 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...
The U.S. Federal Reserve has said making an official digital dollar might give Americans greater and faster payment options at the cost of some potential financial stability risks, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
China’s digital yuan trials captured $8.3 billion of the country’s payments market in the past six months and $13.68 billion in the past two years, just a sliver of the trillions in payments processed in the country annually, CNBC reported, citing data from the People’s...
