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

Ukrainian TASCOMBANK Will Test Digital Currency on Stellar Blockchain 

Ukrainian TASCOMBANK Will Test Digital Currency on Stellar Blockchain 
Ukrainian TASCOMBANK Will Test Digital Currency on Stellar Blockchain 
December 14, 2021  |  CBDC

The Ukrainian commercial bank TASCOMBANK is working with the FinTech Bitt to issue an electronic hryvnia — the country’s national currency — on the Stellar...

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China Pilots Connection Between Digital Yuan and Hong Kong Fast Payment System
China Pilots Connection Between Digital Yuan and Hong Kong Fast Payment System
December 09, 2021  |  CBDC

China is now working on connecting its nearly finished central bank digital currency (CBDC) to Hong Kong’s Fast Payment System. Get the Full Story Complete...

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73% of FIs That Offer Cryptocurrency Plan to Add More
73% of FIs That Offer Cryptocurrency Plan to Add More
December 06, 2021  |  Cryptocurrency

Despite the availability of new payment options, many financial institutions (FIs) lag the marketplace interest in cross-border payments innovations, especially when it comes to providing...

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Cash Still King in Nigeria Despite Digital Drive
Cash Still King in Nigeria Despite Digital Drive
December 06, 2021  |  Cash

Despite the drive for digital payments in Nigeria, cash is still king, with circulation hitting record numbers in October against a backdrop of officials pushing...

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Central Bank of Bahrain to Offer Digital Payments Platform
Central Bank of Bahrain to Offer Digital Payments Platform
December 05, 2021  |  Digital Payments

The Central Bank of Bahrain is likely the next to offer a digital currency, Reuters writes. Get the Full Story Complete the form to unlock...

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Innovation Center Launch Could Advance US Digital Currency
Innovation Center Launch Could Advance US Digital Currency
November 30, 2021  |  CBDC

An innovation hub will help the U.S. central banking system advance the process of implementing digital currency, Federal Reserve Chair Jerome Powell said, according to...

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Japan Has a Private and Public Digital Yen in the Works, But Will Cash-Friendly Consumers Go Along?
Japan Has a Private and Public Digital Yen in the Works, But Will Cash-Friendly Consumers...
November 24, 2021  |  CBDC

Two of the most prevalent and fastest-growing ways of making cashless, digital payments are via scannable QR codes and tap-your-card NFC readers. Both were invented...

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Payments App KurePay to Suspend Services in Nigeria Next Year Amid Crypto Crackdown
Payments App KurePay to Suspend Services in Nigeria Next Year Amid Crypto Crackdown
November 24, 2021  |  Cryptocurrency

KurePay, the Nigerian payments app, is reported to be suspending its services in the country over crypto exchange crackdowns, a report says. Get the Full...

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India Again Announces Plan to Ban Cryptocurrencies as Digital Rupee Moves Ahead
India Again Announces Plan to Ban Cryptocurrencies as Digital Rupee Moves Ahead
November 23, 2021  |  International

After months of discussions and rumors that it was taking a less hostile stance on cryptocurrencies, the government of Prime Minister Narendra Modi re-introduced legislation...

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