CBDC

The phrase "central bank digital currency" (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. The present concept of CBDCs was directly inspired by Bitcoin, but a CBDC is different from virtual currency and cryptocurrency, which are not issued by a state and lack the legal tender status declared by the government.

Source: en.wikipedia.org

Simplifying X-Border Flows Key to Achieving Global CBDC Interoperability

Simplifying X-Border Flows Key to Achieving Global CBDC Interoperability
Simplifying X-Border Flows Key to Achieving Global CBDC Interoperability
October 09, 2022  |  CBDC

In an announcement last month, the European Central Bank (ECB) revealed the five companies that have been selected to partake in a “prototyping exercise” as...

READ MORE >
SWIFT Claims Cross-Border CBDC Success; ECB Wants Settlement Control
SWIFT Claims Cross-Border CBDC Success; ECB Wants Settlement Control
October 06, 2022  |  CBDC

Financial messaging system SWIFT said that it has solved one of the thorniest problems central bank digital currency (CBDC) developers have been wrestling with: How...

READ MORE >
Republicans Ask for DOJ Help in CBDC Fight
Republicans Ask for DOJ Help in CBDC Fight
October 05, 2022  |  CBDC

A group of Republican lawmakers is asking the U.S. Department of Justice (DOJ) to weigh in on the Federal Reserve’s proposed creation of a central...

READ MORE >
Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
October 05, 2022  |  Cross-border Payments

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
ECB Holds Off on P2P Digital Euro Transactions
ECB Holds Off on P2P Digital Euro Transactions
September 29, 2022  |  CBDC

A digital euro might be based on blockchain technology, but it will require middlemen to validate transactions, at least to begin with. Get the Full...

READ MORE >
China, Thailand, UAE, BIS Test Cross-Border CBDC Payments
China, Thailand, UAE, BIS Test Cross-Border CBDC Payments
September 29, 2022  |  CBDC

The Bank for International Settlements (BIS) says it has carried out the first pilot of a central bank digital currency (CBDC) involving “four jurisdictions and...

READ MORE >
EMEA Daily: Sweden, Norway and Israel Central Banks Test Cross-Border CBDC Payments
EMEA Daily: Sweden, Norway and Israel Central Banks Test Cross-Border CBDC Payments
September 28, 2022  |  emea

Today in Europe, the Middle East and Africa (EMEA), central banks in Sweden, Norway and Israel have teamed up to test central bank digital currency...

READ MORE >
Could an Internationalized Digital Euro Threaten the Dollar?
Could an Internationalized Digital Euro Threaten the Dollar?
September 28, 2022  |  CBDC

A digital euro isn’t going to replace the United States dollar as the world’s reserve currency and leading international payments currency anytime soon. But it...

READ MORE >
Sweden, Norway and Israel Central Banks Test Cross-Border CBDC Payments
Sweden, Norway and Israel Central Banks Test Cross-Border CBDC Payments
September 28, 2022  |  CBDC

The central banks of Sweden and Israel announced Wednesday (Sept. 28) that they will start exploring how central bank digital currencies (CBDCs) can be used...

READ MORE >