PYMNTS-MonitorEdge-May-2024

Central Bank Digital Currency

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...

READ MORE >
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...

READ MORE >
International CBDC Aims to Unify Fragmented Digital Currency Landscape
International CBDC Aims to Unify Fragmented Digital Currency Landscape
April 11, 2023  |  Payment Methods

The central bank digital currency (CBDC) field has become crowded, global in scope, and yet in many cases, fragmented. Generally speaking, in concept, the CBDC...

READ MORE >
Bank of England Building Its CBDC Team
Bank of England Building Its CBDC Team
April 09, 2023  |  CBDC

England’s central bank has reportedly begun hiring workers to develop its digital currency. The Bank of England (BOE) wants to create a team of up...

READ MORE >
Could Britcoin Change the UK’s Payments Balance of Power?
Could Britcoin Change the UK’s Payments Balance of Power?
April 06, 2023  |  CBDC

Programmability has been pegged as one of the major draws of digital currencies and one of innovative services that central bank digital currency (CBDCs) could...

READ MORE >
Will FedNow’s July Launch Make Crypto and Stablecoins Redundant?
Will FedNow’s July Launch Make Crypto and Stablecoins Redundant?
April 03, 2023  |  Payment Methods

Digital is often a one-way street, and the finance sector appears to be taking it. This is as the future of money movement looks set...

READ MORE >
Pan-EU Payments Challenger Lacks Consumer and Merchant Demand
Pan-EU Payments Challenger Lacks Consumer and Merchant Demand
March 31, 2023  |  Payments Innovation

Although Europe lacks a pan-regional scheme to rival international card networks, building and igniting one means giving consumers and merchants a reason to get on...

READ MORE >
Nigerian Cash Shortage Drives 63% Uptick in Digital Currency Use
Nigerian Cash Shortage Drives 63% Uptick in Digital Currency Use
March 22, 2023  |  CBDC

A cash shortage in Nigeria has made the country’s digital currency much more popular. The value of eNaria transactions has jumped 63% to 22 billion...

READ MORE >
Florida Gov. Ron DeSantis Proposes Banning Using CBDCs as Money
Florida Gov. Ron DeSantis Proposes Banning Using CBDCs as Money
March 20, 2023  |  CBDC

Florida Gov. Ron DeSantis wants to ban central bank digital currencies (CBDCs). DeSantis has proposed legislation that would prohibit the use of both federal and...

READ MORE >