The Economic Affairs Committee at the U.K. House of Lords published a report on January 13 casting doubts about the benefits of creating a retail Central Bank Digital Currency (CBDC) in the U.K. and sending a message to the Bank of England (BoE) that any...
Visa is collaborating with the blockchain software company ConsenSys to launch a central bank digital currency (CBDC) pilot program to test retail applications like cards and wallets, Bloomberg reported on Thursday (Jan. 13). Get the Full Story Complete the form to unlock this article and...
Federal Reserve Chairman Jerome Powell said the long-awaited digital currency report will be out “in the coming weeks.” 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...
China’s largest messaging app says it will begin accepting the country’s digital yuan. 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....
As central banks examine digital currencies (CBDCs) and the private sector delves ever further into stablecoins, convergence and collaboration may be overarching themes of 2022 and beyond. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Defense, it is said, is the best offense. 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...
The Bank of Mexico wants to have its own digital currency circulating sometime in the next two years, in an effort to foster financial inclusion in a cash-heavy country, according to published reports. Get the Full Story Complete the form to unlock this article and...
The Bank of Jamaica (BOJ) recently wrapped up the pilot of its central bank digital currency (CBDC) and says it’s on track for a nationwide rollout in the first quarter of 2022, according to a Cointelegraph report Monday (Jan. 3). Get the Full Story Complete...
If you look deeper at the news of India’s central bank accepting a “basic” digital rupee as “a safe, robust, and convenient alternative to physical cash,” something jumps out of the “Report on Trends and Progress of Banking in India 2020-21,” released on Tuesday (Dec....
