Central bank digital currencies (CBDCs) can dramatically reduce the time needed for cross-border payments to clear from days to mere seconds, while cutting costs in half, according to a Tuesday (Sept. 28) report from Reuters. The Bank of International Settlements’ (BIS) exploratory effort aimed at...
The official website of the Central Bank of Nigeria (CBN) digital currency is live, Nigerian publication THISDAY reported. Called the eNaira, the currency is slated to launch in a week. The site had more than 1 million hits in 24 hours, according to stats from...
New blood, as they say, shakes things up a bit. But what happens when the shaking up of things rattles the very foundations of financial services and the way banking operates? President Joe Biden late last week nominated Cornell University Law School professor Saule Omarova...
