digital currency

Digital currency is a type of currency available in digital form. It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies, cryptocurrencies, and central bank digital currency.

Source: en.wikipedia.org

Digital Dollar Debate Shifts as Central Banks Embrace CBDCs

Digital Dollar Debate Shifts as Central Banks Embrace CBDCs
Digital Dollar Debate Shifts as Central Banks Embrace CBDCs
August 30, 2022  |  CBDC

Federal Reserve Board of Governors member Michelle Bowman said two weeks ago that the imminent launch of the FedNow real-time payments system makes a digital...

READ MORE >
CBDC Weekly: FIS Announces CBDC Virtual Lab; Nigeria Seeks eNaira Rollout Acceleration
CBDC Weekly: FIS Announces CBDC Virtual Lab; Nigeria Seeks eNaira Rollout Acceleration
August 29, 2022  |  CBDC

Financial services technology provider FIS recently announced the launch of a CBDC Virtual Lab that will give central banks, commercial banks and other financial participants the...

READ MORE >
Federal Reserve Eyes Summer ’23 Launch for FedNow
Federal Reserve Eyes Summer ’23 Launch for FedNow
August 29, 2022  |  Faster Payments

The Federal Reserve is readying its FedNow payments system for launch next year, a move supporters say will make near-instant payments widely available. Get the...

READ MORE >
SEC Homes in on Small Cryptos to Bolster Oversight Case
SEC Homes in on Small Cryptos to Bolster Oversight Case
August 29, 2022  |  Cryptocurrency

The Securities and Exchange Commission appears to be targeting a trio of smaller, privacy-focused cryptocurrencies, including Stellar’s lumen token, the world’s largest digital asset manager...

READ MORE >
Emerging Market Consumers Lukewarm on Value of CBDCs
Emerging Market Consumers Lukewarm on Value of CBDCs
August 29, 2022  |  CBDC

It’s been over a year since the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from facilitating cryptocurrency transactions...

READ MORE >
Tether Audit, Promised for 5 Years, Still Months Away, CTO Says
Tether Audit, Promised for 5 Years, Still Months Away, CTO Says
August 28, 2022  |  Cryptocurrency

Tether has said an audit of its finances, meant to assure of its stability, could still be months off, according to Chief Technology Officer Paolo...

READ MORE >
How Lessons From Nigeria’s eNaira Rollout Can Guide Future of CBDCs in Africa
How Lessons From Nigeria’s eNaira Rollout Can Guide Future of CBDCs in Africa
August 25, 2022  |  CBDC

In its August monetary policy statement, the Central Bank of Zimbabwe (CBZ) announced that it has developed a “roadmap for adoption of CBDC [central bank...

READ MORE >
The Myth of ‘Censorship-Resistant’ Crypto
The Myth of ‘Censorship-Resistant’ Crypto
August 25, 2022  |  Cryptocurrency

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 >
EU, MENA FIs Embrace, Bank on the Metaverse
EU, MENA FIs Embrace, Bank on the Metaverse
August 24, 2022  |  Metaverse

In the space of two years, the metaverse went from a tech industry buzzword to a widely discussed emerging reality. Get the Full Story Complete...

READ MORE >