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How OpenWay’s Way4 Enabled the First CBDC Card Transaction in Eurasia

Fintech News

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. The first CBDC card transaction in Eurasia was successfully made on 15 November 2023. This marked a milestone in the region’s digital currency journey.

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Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000

PYMNTS

The rise of the currency's value has been surging just over the past holiday weekend, breaking $25,000 on Friday (Dec. bitcoin has become available at over 16,000 ATMs in December of this year, a press release from East London-based cryptocurrency company BitcoinPoint says. 25) and then $26,000 on Saturday (Dec. In the U.K.,

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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

The race to develop central bank digital currencies (CBDCs) is underway, but it seems the Reserve Bank of Australia may not be in the running. 17), Australia’s central bank has viewed the issuance of such digital coinage with caution, and even a bit of skepticism. As reported by Cointelegraph Thursday (Sept.

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Rethinking CBDCs: Addressing design flaws and privacy concerns

The Payments Association

The flaws in prevailing central bank digital currency (CBDC) designs and suggestions for improving them. These design flaws could undermine efforts to create a public digital payments system for the future economy. What is this article about? Why is it important? What’s next?

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Bitcoin Daily: Ethereum To Debut New Bitcoin-Backed Token, Agriculture Eyes Blockchain For X-Border Trade

PYMNTS

Also, a new report from IBM has found that while most polled central banks are testing out a wholesale central bank digital currency (CBDC), they aren’t convinced that blockchain will offer any real cost and efficiency benefits.

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50 Fintech Buzzwords Explained

M2P Fintech

Central Bank Digital Currency (CBDC) A CBDC represents a nation’s currency in digital form, administered directly by the central bank. Unlike physical cash or bank deposits, CBDCs are purely electronic. As of December 2023, an impressive 130 countries are actively exploring CBDC initiatives.

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The payments regulation roadmap: Q2 2025

The Payments Association

For payments firms, the EAA is particularly relevant to customer-facing products such as payment terminals, mobile apps, online banking platforms, ATMs, and customer service interfaces. The project is currently in its second phase, focused on design, feasibility, and experimentation.