This week the U.S. Federal Reserve finally launched its long-awaited instant payments solution. Meanwhile, the South Korean central bank published a report outlining an important upgrade to the country’s longstanding instant payments solution.
The Governor of the Bank of England told an audience that an inability to specify a precise detailed use case today was no reason to put off investigating the future potential of ‘enhanced digital money’.
The Japanese central bank has established a working group of 60 companies to gain input into its decision on launching a CBDC from a business perspective.
The Japanese central bank has established a working group of 60 companies to gain input into its decision on launching a CBDC from a business perspective.
This week the U.S. Federal Reserve finally launched its long-awaited instant payments solution. Meanwhile, the South Korean central bank published a report outlining an important upgrade to the country’s longstanding instant payments solution.
The Governor of the Bank of England told an audience that an inability to specify a precise detailed use case today was no reason to put off investigating the future potential of ‘enhanced digital money’.
Better late than never… The launch of the Federal Reserve’s FedNow service later this month will bring 24/7/365 instant payments to the U.S. banking system, making it the last major global economy to officially implement such functionality.
The electronics giant and the South Korean central bank this week signed an agreement to further improve the security of offline CBDC payments, following initial development of the technology during a pilot study last year.
The bankers are finally coming around to the fact that blockchain technology is a far more efficient vehicle for the transfer of wealth. So now they’re trying to come up with ways to stop that wealth from transferring away from them.
Payment Systems Department, Bank of the Lao PDR and Soramitsu signed a Memorandum of Understanding (MOU) to launch CBDC Proof of Concept on February 6, 2023
BIS devoted one third of its 2022 Annual Economic Report for the discussion of the Future Monetary System. In their vision, Central Banks will have the core role, adopting innovations of DLT, leading and supervising the ecosystem of banks, PSP and other participants.
