Remove Authorization Remove Distributed Ledger Technology (DLT) Remove Use Case
article thumbnail

Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. Following the success of the Immediate State, the Intermediate State phase will expand digital asset use cases.

article thumbnail

German Central Bank Joins MAS-Led Project Guardian

Fintech News

The Deutsche Bundesbank has become a member of Project Guardian , a global initiative led by the Monetary Authority of Singapore (MAS) that explores the use of asset tokenisation in financial markets. The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

CBDCs in practice: What we’ve learned from the early movers

The Payments Association

This misconception has shaped many CBDC proposals, which tend to replicate traditional account-based structures under the control of central authorities or delegated intermediaries. CBDCs that allow authorities to track money not only when it moves but also when it remains stationary undermine trust.

CBDC 88
article thumbnail

Key considerations for the adoption of digital currencies

Finextra

A new way of settling transactions Firstly, when we talk about digital currency we are referring to the registration of a fiat currency (such as the pound) on a Distributed Ledger Technology (DLT)-based network with a 1:1 relationship to the fiat currency. It expresses the views and opinions of the author.

article thumbnail

Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

24) from the BIS monetary and economic department titled “ Stablecoins: Risks, Potential and Regulation ,” the authors contended that stablecoins — including but not limited to Facebook’s Libra — pose a range of challenges to financial authorities around the world. In a paper that debuted Tuesday (Nov.

article thumbnail

 World Bank Sees DLT Potential For Cross-Border Transactions

PYMNTS

At heart of the matter, of course, is the place (or choice) of using distributed ledger technology (DLT) to underpin the transactions — especially B2B transactions. Some see distributed ledger technologies (DLT) as having the potential to drive industry-wide change.

article thumbnail

Cross-Border Payment Efforts Look To The Blockchain And Beyond

PYMNTS

Beyond individual company news, some seeming validation has come from the World Bank for Ripple’s xRapid and other technologies, including SWIFT’s blockchain pilots, as noted earlier this week. Some see distributed ledger technologies (DLT) as having the potential to drive industry-wide change.