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CBDC

Understand the significance of central bank digital currencies (CBDCs) and their impact on the global financial system. Explore various national initiatives.

CBDC

Understand the significance of central bank digital currencies (CBDCs) and their impact on the global financial system. Explore various national initiatives.

CBDC   -   Aug 19, 2023 A Pilot or Full-Scale Implementation? China Pushes Digital Yuan
A Pilot or Full-Scale Implementation? China Pushes Digital Yuan

China’s Central Bank is taking every possible opportunity to expand the use of the Digital Yuan, both at home and abroad.

CBDC   -   Aug 10, 2023 DREX: Brazil’s CBDC Platform Named and Supercharged by Smart Contracts
Fabio Araujo DREX digital real

Brazil’s Central Bank has announced the official name of its Real Digital platform. DREX will allow the deployment of smart contracts to make financial services more accessible.

Mastercard Convenes Key Industry Players for CBDC Partner Program
CBDC   -   Aug 22, 2023 Mastercard Convenes Key Industry Players for CBDC Partner Program

The payment processor has brought together a group of leading blockchain technology and payment service providers, including Ripple, Consensys and Fireblocks, to drive innovation and efficiencies in the CBDC space.

Jack Martin
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CBDC   -   Aug 22, 2023 Mastercard Convenes Key Industry Players for CBDC Partner Program
Mastercard Convenes Key Industry Players for CBDC Partner Program

The payment processor has brought together a group of leading blockchain technology and payment service providers, including Ripple, Consensys and Fireblocks, to drive innovation and efficiencies in the CBDC space.

Jack Martin
CBDC   -   Aug 19, 2023 A Pilot or Full-Scale Implementation? China Pushes Digital Yuan
A Pilot or Full-Scale Implementation? China Pushes Digital Yuan

China’s Central Bank is taking every possible opportunity to expand the use of the Digital Yuan, both at home and abroad.

Eva Senzaj Pauram
CBDC   -   Aug 10, 2023 DREX: Brazil’s CBDC Platform Named and Supercharged by Smart Contracts
Fabio Araujo DREX digital real

Brazil’s Central Bank has announced the official name of its Real Digital platform. DREX will allow the deployment of smart contracts to make financial services more accessible.

Eva Senzaj Pauram
Soramitsu   -   Aug 09, 2023 Blockchain Firm Soramitsu Plans Asia-wide Digital Payment Network
Soramitsu Vivit Tama Asia Bakong

Soramitsu plans to connect its Cambodia-based RTGS system, Bakong, to its cross-chain stablecoin exchange, creating a pan-Asian transfer and payment network.

Alex Harutunian
CBDC   -   Jul 24, 2023 Bank of Japan Convenes 60-Company Forum For Digital Yen Development
Bank of Japan Convenes 60-Company Forum For Digital Yen Development

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.

Jack Martin
CBDC   -   Jul 23, 2023 Brazilian Outcry Over Functionality to Control Digital Real Accounts
Brazlil CBDC whistleblower freeze pedro magalhães

Brazilians are concerned after functionality that gives control over CBDC wallets to the government was discovered.

Eva Senzaj Pauram
CBDC   -   Jul 23, 2023 China’s Digital Yuan Looks to Spread its Reach Beyond National Borders
China e-CNY cross border CBD

Transactions using the digital yuan have amounted to $250 billion since the start of the CBDC’s pilot phase. China’s Central Bank Governor looked to the next step to increased adoption - cross-border payments

Eva Senzaj Pauram
central banks   -   Jul 21, 2023 A Tale of Two Real-Time Gross Settlement Systems: South Korea vs FedNow
A Tale of Two Real-Time Gross Settlement Systems: South Korea vs FedNow

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.

Jack Martin
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