One of the big promises of central bank digital currencies (CBDCs) is that they are usable anywhere paper currencies are accepted. That is to say, everywhere. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Anyone hoping the Federal Reserve Board would shed light on the future of the digital dollar in its highly anticipated white paper in January was disappointed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Bank of England, like many other central banks around the world, is still weighing the pros and cons of issuing a central bank digital currency (CBDC) — and if it ultimately decides to go ahead, how the design should respect citizens’ privacy and guarantee...
There were more than a few interesting things that came out of the report this week on the results of the experiments the Boston Fed has been running with MIT’s Digital Currency Initiative for the past 18 months. Get the Full Story Complete the form...
Senator Pat Toomey, who is a top member of the Senate Banking Committee, has said China’s digital yuan could open a door for the U.S. to get more heavily into the crypto space. Get the Full Story Complete the form to unlock this article and...
Military junta-ruled Myanmar is planning to create a central bank digital currency (CBDC) that will join the kyat as legal tender. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
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...
