PYMNTS-MonitorEdge-May-2024

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

The Lures – And Challenges – Of Central Bank Digital Currencies
The Lures – And Challenges – Of Central Bank Digital Currencies
October 09, 2020  |  Cryptocurrency

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the...

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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power
EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power
September 15, 2020  |  Cryptocurrency

Central bank digital coins on the Continent – but plenty of room for cash. To that end, Bloomberg reported at least some financial regulators from...

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For China, Digital Yuan Sprinting Toward Olympics?
For China, Digital Yuan Sprinting Toward Olympics?
August 26, 2020  |  International

Let the digital currency games begin. When it comes to central bank digital currencies (CBDCs), there is a wide gulf between concept and reality, between...

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China Trials Digital Yuan In Retail Settings
China Trials Digital Yuan In Retail Settings
August 24, 2020  |  Digital Banking

To go big with central bank digital currencies (CBDCs) – to gain scale and early adopters – one should focus on retail and smaller-value transactions. At...

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Fed Exploring ‘Hypothetical’ Digital Currency With MIT
Fed Exploring ‘Hypothetical’ Digital Currency With MIT
August 14, 2020  |  Cryptocurrency

Digital dollars on the horizon? Maybe – but first comes a focus on policy. A week after details of the Federal Reserve’s instant payment initiative...

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Bank Of England To Revamp Payments, Eyes Digital Currency
Bank Of England To Revamp Payments, Eyes Digital Currency
July 30, 2020  |  Digital-First Banking

The Bank of England (BoE) is pushing ahead with an overhaul of a key part of the United Kingdom’s financial payments infrastructure. The U.K.’s central...

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Bitcoin Daily: Teller Notches $1M For DeFi Credit Risk Protocol; Thailand’s Central Bank Experiments With CBDC; Crypto Trader Accused In $4.5M Fraud Case
Bitcoin Daily: Teller Notches $1M For DeFi Credit Risk Protocol; Thailand’s Central Bank Experiments With...
July 16, 2020  |  Bitcoin

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an...

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Government Entities Deepen Blockchain Payments Exploration
Government Entities Deepen Blockchain Payments Exploration
July 15, 2020  |  B2B Payments

Digital currencies continue to make their way into the mainstream, with government entities elevating their exploration of the technology. This week’s look at payment rails...

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Bank Of England Chief Sees Bank-Backed Digital Currency On Horizon
Bank Of England Chief Sees Bank-Backed Digital Currency On Horizon
July 13, 2020  |  Cryptocurrency

The Bank of England (BoE) continues to send bullish signals about the potential for bank-backed digital currency, but anyone hoping for a quick launch is...

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