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

How a 190-Year-Old UK Bank Is Reimagining Payments
How a 190-Year-Old UK Bank Is Reimagining Payments
May 15, 2023  |  Cross-border Payments

Slow processing times, high banking fees, and complex and overlapping regulatory requirements continue to create pain points for individuals sending and receiving remittances worldwide. And...

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Consumer Trust Gives Banks AI Edge Over FinTechs Because of Cash Usage, Says SocGen
Consumer Trust Gives Banks AI Edge Over FinTechs Because of Cash Usage, Says SocGen
May 11, 2023  |  artificial intelligence

One of the common views about Europe is how highly fragmented the regional market — 44 countries, multiple languages, and a myriad of payment methods...

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Goldman and Microsoft to Test Blockchain’s Future in Financial Services
Goldman and Microsoft to Test Blockchain’s Future in Financial Services
May 09, 2023  |  Cryptocurrency

Several firms are banding together to leverage blockchain — and distributed ledger technology — to transform financial markets. The roster includes Goldman Sachs Group Inc,...

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 Visa Builds Programmable Finance Pilot for Brazilian Farmers Using CBDC 
 Visa Builds Programmable Finance Pilot for Brazilian Farmers Using CBDC 
May 09, 2023  |  CBDC

The way money moves is increasingly digital — and soon, it may even be programmable. It’s one of the proof points coming out of a...

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Zimbabwe Unveils Gold-Backed CBDC
Zimbabwe Unveils Gold-Backed CBDC
May 08, 2023  |  CBDC

Zimbabwe is debuting a gold-backed digital currency as it battles an inflation crisis. The country’s central bank says the tokens — set to launch Monday...

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CBDC Skepticism in Europe Paves Path for Tokenized Deposits
CBDC Skepticism in Europe Paves Path for Tokenized Deposits
May 03, 2023  |  CBDC

A spate of bank runs and controversies over central bank digital currencies (CBDCs) may further pave the way for tokenized deposits. The issues surrounding CBDCs...

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Presidential Candidates Campaign Against the Digital Dollar
Presidential Candidates Campaign Against the Digital Dollar
April 23, 2023  |  CBDC

American presidential candidates from both sides of the aisle are down on the digital dollar. The U.S. has not unveiled concrete plans for a central...

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Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
April 18, 2023  |  CBDC

It’s unlikely that the benefits of a central bank digital currency (CBDC) would be greater than the potential risks. So said Federal Reserve Governor Michelle...

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Stablecoin Bill Enters Congress as US Lawmakers Eye Currency’s Future
Stablecoin Bill Enters Congress as US Lawmakers Eye Currency’s Future
April 17, 2023  |  Regulation

The U.S. Congress is looking to bring stablecoins deeper into the regulatory fold. And potentially the broader global financial system. A new 73-page draft bill,...

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