PYMNTS-MonitorEdge-May-2024

Central Bank Digital Currency

User Experience Must Improve for Crypto to Gain Cross-Border Payments Use
User Experience Must Improve for Crypto to Gain Cross-Border Payments Use
November 09, 2022  |  Cryptocurrency

Whether you’re talking about remittances sent home by migrant workers or other larger sums moving from one country to another, cross-border payments are the part...

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Singapore’s MAS Launches CBDC Test Ubin+
Singapore’s MAS Launches CBDC Test Ubin+
November 03, 2022  |  CBDC

The Monetary Authority of Singapore (MAS) has debuted Ubin+, a program to test the use of a wholesale central bank digital currency (CBDC) for cross-border...

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France, Singapore and Switzerland Test Cross-Border CBDC Payments
France, Singapore and Switzerland Test Cross-Border CBDC Payments
November 02, 2022  |  CBDC

In a pilot project that is said to be the first of its kind, the central banks of France, Singapore and Switzerland are collaborating in...

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Today in Crypto: Lawmaker Says US Needs CBDC to Remain in ‘the game’; BitKeep Wallet to Reimburse Users in $1M Hack
Today in Crypto: Lawmaker Says US Needs CBDC to Remain in ‘the game’; BitKeep Wallet...
October 18, 2022  |  Cryptocurrency

Crypto wallet BitKeep has been hacked for more than $1 billion in BNB Chain and Polygon-based tokens on Tuesday (Oct. 18), a Coindesk report said....

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ECB Study Notes Challenges For Stablecoin Acceptance
ECB Study Notes Challenges For Stablecoin Acceptance
October 11, 2022  |  CBDC

A new study from the European Central Bank (ECB) has found that retail central bank digital currencies (rCBDCs), which could be used to allow for...

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Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
October 05, 2022  |  Cross-border Payments

In a pair of papers today, financial messaging service SWIFT claimed that it has solved two of the thorniest problems digital assets must overcome if...

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China, Thailand, UAE, BIS Test Cross-Border CBDC Payments
China, Thailand, UAE, BIS Test Cross-Border CBDC Payments
September 29, 2022  |  CBDC

The Bank for International Settlements (BIS) says it has carried out the first pilot of a central bank digital currency (CBDC) involving “four jurisdictions and...

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EMEA Daily: Sweden, Norway and Israel Central Banks Test Cross-Border CBDC Payments
EMEA Daily: Sweden, Norway and Israel Central Banks Test Cross-Border CBDC Payments
September 28, 2022  |  emea

Today in Europe, the Middle East and Africa (EMEA), central banks in Sweden, Norway and Israel have teamed up to test central bank digital currency...

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Sweden, Norway and Israel Central Banks Test Cross-Border CBDC Payments
Sweden, Norway and Israel Central Banks Test Cross-Border CBDC Payments
September 28, 2022  |  CBDC

The central banks of Sweden and Israel announced Wednesday (Sept. 28) that they will start exploring how central bank digital currencies (CBDCs) can be used...

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