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. Get the...
Bank of America strategists are revising an earlier prediction that the U.S. would issue a digital dollar by the end of the decade. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
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). Get the Full Story Complete the form to...
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. Get...
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. Get the Full Story Complete the form to unlock this article...
Reports that the U.S. Treasury Department is going to recommend that the government build out a central bank digital currency (CBDC) before deciding if it wants or needs one has the potential to spark a major battle with banks. Get the Full Story Complete the...
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The U.S. Treasury Department plans to advise the federal government to issue a digital dollar, though it will only officially sign off if there’s a government signal that it’s “in the national interest.” Get the Full Story Complete the form to unlock this article and...
