Zimbabwe central bank governor John Mangudya has said there’s a “roadmap” to adopt a CBDC, a consultation paper from the bank said. This comes six months after the Reserve Bank of Zimbabwe (RBZ) said it would look into the feasibility of rolling out a CBDC....
In a recent European Central Bank (ECB) working paper, central bank digital currencies (CBDCs) were discussed as being a potential “holy grail” for cross-border payments. In it, the authors highlighted the distinct advantages they perceived the technology held over bitcoin and stablecoins as technologies for...
A digital euro could be the “Holy Grail” of cross-border payments, according to a recent report by the European Central Bank. A European central bank digital currency (CBDC) would present a solution that is “immediate, cheap, universal in terms of reach, and settled in a...
Step by step, Nepal is looking into issuing its own central bank digital currency (CBDC), a report from Beincrypto said Monday (Aug. 8), quoting a local news story. Nepal Rastra Bank, the central bank, wants to revise the legislation governing what it can do, which...
A bipartisan group of lawmakers wants the Federal Reserve to speed efforts to issue a digital dollar and thus prevent countries like China from endangering the U.S. position as the world’s reserve currency. As The Wall Street Journal reported Monday (Aug. 8), the group —...
Holy Grail? Maybe. But: For cross-border payments, there may be a few paths to that Grail. The recent paper put forth by the European Central Bank, titled “Towards the Holy Grail of Cross Border Payments,” spotlighted here, takes note of the potential for central bank digital...
A central bank digital currency (CBDC) could be the “holy grail” for cross-border payments, offering a solution that is “immediate, cheap, universal in terms of reach, and settled in a secure settlement medium,” the European Central Bank (ECB) said in a recent report on identifying the ultimate...
The public comments on a U.S. central bank digital currency (CBDC) are running overwhelmingly against a digital dollar, according to a libertarian think tank analyst. The Cato Institute’s Nicholas Anthony noted that the Federal Reserve released another set of public comments, bringing the total to...
Conventional wisdom holds that, as digital currencies continue to evolve and as bitcoin and its brethren joust with the traditional banking system, central banks would embrace central bank digital currencies (CBDCs) whole-heartedly. But that would just be the conventional wisdom, and the reality is a...
