CBDC

The phrase "central bank digital currency" (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. The present concept of CBDCs was directly inspired by Bitcoin, but a CBDC is different from virtual currency and cryptocurrency, which are not issued by a state and lack the legal tender status declared by the government.

Source: en.wikipedia.org

India Tests Contactless Digital Rupee Payments
India Tests Contactless Digital Rupee Payments
February 06, 2023  |  CBDC

Indian banks and retailers have reportedly begun accepting contactless payments made with digital rupees. The move is part of the Reserve Bank of India’s retail...

READ MORE >
Real-Time Global CBDC Networks: Pipedream or Global Payments Reality?
Real-Time Global CBDC Networks: Pipedream or Global Payments Reality?
January 31, 2023  |  Digital Payments

Nearly every day, it seems, some new scheme arises that’s aiming to replace or disrupt the existing global financial services system. Online payment platforms like...

READ MORE >
ECB Says Yes to Programmable Payments, No to Programmable Money
ECB Says Yes to Programmable Payments, No to Programmable Money
January 25, 2023  |  CBDC

Programmability is one of the major draws of digital money. It is also one of the features of cryptocurrencies that is being seriously considered by...

READ MORE >
ECB Board Member: Digital Euro Should Complement Other Payment Methods
ECB Board Member: Digital Euro Should Complement Other Payment Methods
January 23, 2023  |  emea

A digital euro should complement, not replace, other electronic payment methods or cash. So said European Central Bank (ECB) Executive Board Member Fabio Panetta in...

READ MORE >
Global CBDC Real-Time Payment Network Launches in Davos
Global CBDC Real-Time Payment Network Launches in Davos
January 19, 2023  |  CBDC

Leave it to the lofty inspirations of the World Economic Forum to come up with the Universal Digital Payments Network. This, as the new cross-border...

READ MORE >
People’s Bank of China Enables Offline Payments with Digital Yuan
People’s Bank of China Enables Offline Payments with Digital Yuan
January 16, 2023  |  CBDC

The People’s Bank of China has reportedly enabled Android users to make offline payments using digital yuan. With a new function added to the bank’s...

READ MORE >
Digital Pound’s Future Uncertain As Lawmakers Debate Financial Sector Oversight
Digital Pound’s Future Uncertain As Lawmakers Debate Financial Sector Oversight
January 16, 2023  |  emea

A digital pound consultation is expected to be published in “weeks not months.” The comments were made by city minister Andrew Griffith during a Treasury...

READ MORE >
Report: FTX Collapse Slows Bahamas’ CBDC Project
Report: FTX Collapse Slows Bahamas’ CBDC Project
January 15, 2023  |  CBDC

The Bahamas’ two-year-old digital currency project has gotten off to a slow start. The reasons are twofold, according to a Saturday (Jan. 14) Bloomberg News...

READ MORE >
Tanzania Takes Tentative Steps to CBDC Adoption
Tanzania Takes Tentative Steps to CBDC Adoption
January 15, 2023  |  CBDC

The Bank of Tanzania is cautiously readying a central bank digital currency (CBDC). The country’s central bank said it will “continue to monitor, research and...

READ MORE >