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 in Japan. Care to guess which developed nation is using them the least? That’s right, Japan. Despite being one of...
The Central Bank of India could pilot a digital currency early in 2022, a change from when the central bank governor thought a soft launch of a central bank digital currency (CBDC) could happen by December, although there never was an official timeline announced by...
In China, the digital yuan is getting ever closer to a widespread, national rollout. And, so, as might logically follow … the fraudsters are testing things out a bit, looking for vulnerabilities. Ledger Insights, in turn citing Chinese language site The 21st Century Herald, reported...
In examining the emergence of central bank digital currencies (CBDCs) and their use cases — and the infrastructure that underpins it all — a twist on that old baseball movie comes to mind. If you build it, will they come? In the U.K. and the...
For central banks, there’s a long road between mulling a central bank digital currency (CBDC), defining the ramifications and launching it. It could take years, in fact. And meanwhile, China, among the first major world economies to come out of the gate with its digital...
Central bank digital currencies (CBDC) will likely become legal tender in their home countries, officials from two European central banks said Tuesday (Nov. 9). Speaking at a panel in Helsinki on CBDCs, European Central Bank executive board member Fabio Panetta said that it the “likely”...
The People’s Bank of China says it will make an effort to further link the digital yuan to the country’s popular mobile payment apps. As Bloomberg News reported Tuesday (Nov. 9), the bank wants to upgrade the digital currency’s “interoperability with existing payment tools” and...
The Bank of France wants to investigate the specifics of a central bank digital currency (CBDC) for wholesale use, Bloomberg reported. A CBDC could help standards for securities settlements and minimize possible fragmenting from multiple private versions existing, the bank found, per the report. A...
Trust is paramount to any payments mechanism, be it hard currency, stablecoin or a central bank digital currency (CBDC). Ecosystems can take shape only when the value of the payment will remain as agreed upon and the data underlying them are kept safe and private....
