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Google Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI’s Digital Rupee Program
6.8.2024
Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate...
North Carolina lower chamber overturns governor’s veto of CBDC ban
1.8.2024
The bill received strong support in the General Assembly. Now the state Senate will consider overturning the veto
North Carolina lower chamber overturns governor’s veto of CBDC ban
1.8.2024
The bill received strong support in the General Assembly. Now, the state Senate will consider overturning the veto
India’s Digital Rupee Surpasses 5 Million Users, RBI Discloses
1.8.2024
India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized that the digital rupee is designed to complement...
Bybit introduces Indian digital rupee CBDC payment option
31.7.2024
The use of the CBDC on the cryptocurrency exchange will enhance security and, it hopes, attract merchants
Bank of England to experiment with wholesale CBDC, synchronization
30.7.2024
The BOE is considering applying DLT to its existing settlement system and introducing a wCBDC
Bank of England Plans Experiments with DLT and Wholesale CBDCs
30.7.2024
The Bank of England (BoE) is taking a proactive stance related to cryptocurrency, money, and payments. In a recently released discussion paper, the central bank outlined its plans to conduct a series of experiments with distributed ledger technology (DLT) and wholesale central bank digital...
Digital euro to be ‘most private electronic payment option’
30.7.2024
Since the inception of the digital euro, many critics have called the proposed digital currency a surveillance tool
Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use
30.7.2024
Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits...
Bank of England to Carry Out CBDC, Digital Ledger Experiments
30.7.2024
In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound
Slovenia Becomes First European Union Nation to Issue Sovereign Digital Bond
29.7.2024
The 30 million-euro ($32.5 million) bond was settled through the Bank of France's tokenized cash system and coordinated by BNP Paribas
Philippines Plans to Introduce Wholesale CBDC by 2029
27.7.2024
Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor....
Fintech Company Tecban Pilots Tokenization Platform for Brazil’s Drex CBDC
27.7.2024
Tecban, a fintech that provides interconnection technology for banks, has launched a tokenization and associated services platform called Nexchain. This platform facilitates the process of placing assets on the blockchain for third parties as part of the Drex pilot. The platform will be launched...
Philippines Plans CBDC Launch by 2029 Under Project Agila
25.7.2024
The Philippines has also set its sights on releasing its own central bank digital currency (CBDC) by 2029 to create a wholesale form of currency. Project Agila, the initiative of the country’s central bank, is steadily approaching the Proof of Concept stage. This initiative will investigate...
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
25.7.2024
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof...
Kazakhstan pays for rail line to China using programmable CBDC
19.7.2024
The second phase of the Kazakhstan central bank digital currency pilot focused on control of its many potential uses
Putin Calls to ‘Seize the Moment’ to Kickstart Digital Ruble and Crypto Adoption In Russia
19.7.2024
President Vladimir Putin declared it was time for Russia to create the environment needed to increase the adoption of digital assets and the Russian CBDC, the digital ruble, as part of the country’s economic tissue. He also reported that over 30,000 transactions have been made in the pilot...
$520B state-owned Italian bank trials digital bonds on Polygon
19.7.2024
The trial was part of an initiative set up by the European Central Bank to identify how blockchains can facilitate central bank money settlement
$520B state-owned Italian bank trials digital bonds on Polygon
19.7.2024
The trial was part of an initiative set up by the European Central Bank to identify how blockchains can facilitate central bank money settlement
Palau partners with Soramitsu on blockchain-based bond platform
16.7.2024
The Pacific island nation, with a population of 18,000, is a leader in the implantation of blockchain technology