The Fintech Times

MAY 29, 2024

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). Central bank digital currencies CBDC initiatives have garnered interest across both the Middle East and Africa, as evidenced by the CBDC landscape below.

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

The Fintech Times

MAY 26, 2024

Addressing privacy concerns Promoting CBDCs with a range of benefits aside, most consumers are concerned about privacy issues, says Andrew Carrier , member of the executive committee at blockchain finance firm Quant. This may mean that, initially, acceptance of the retail CBDC is gradual.

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CBDC Central Bank Privacy Multi-Currency 98

PYMNTS

JUNE 19, 2020

The Bank of Thailand plans to work on a new payment system for businesses using Central Bank Digital Currency (CBDC), according to a press release , which will be a step toward readying the business sector for the digital age. The release says the step will help CBDC reach wider audiences, beginning with corporate entities.

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CBDC Cross-Border Digital Payments Digital Currency 98

The Paypers

JULY 27, 2023

US-based blockchain company Ripple has partnered with Republic of Palau to launch a USD-backed Palau Stablecoin (PSC) on the XRP Ledger.

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CBDC Stablecoins Blockchain 69

PYMNTS

APRIL 24, 2020

China is the first country to launch a central bank digital currency (CBDC) or digital currency electronic payment (DCEP). The digital yuan is structured using a central bank-issued CBDC for commercial banks and a commercial bank-issued CBDC focused on the public.

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CBDC Digital Currency Stablecoins Central Bank 83

Clearly Payments

AUGUST 24, 2024

According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023. The adoption of blockchain technology has further revolutionized cross-border P2P transfers.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. What are Stablecoins? A primary USD stablecoin in USDC (aka USD coin). This is covered in the below section.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

PYMNTS

MAY 27, 2020

As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC). He pointed to the concept of synthetic central bank digital currencies ( CBDC ). The funds would travel over rails commonly used by banks.

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Central Bank Digital Currency CBDC Settlement 57

Fintech News

JANUARY 9, 2024

While the potential is evident, practical applications for digital currencies and blockchain technology are still emerging. Upsurge of Blockchain and DLT Applications Originally brought into the spotlight by cryptocurrencies like Bitcoin, blockchain technology is now making significant inroads into traditional financial systems.

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APACS FinTech Digital Currency Blockchain 107

Fintech News

DECEMBER 20, 2023

Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots. 136), regtech (119) and investments and wealthtech (82).

FinTech 106

FinTech Cross-Border CBDC Web 3.0 106

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024. billion by 2030 at a CAGR of 19.6%.

Payments Trends 116

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 116

Clearly Payments

FEBRUARY 19, 2024

The digital currency and payments market encapsulates various facets, including cryptocurrencies like Bitcoin and Ethereum, central bank digital currencies (CBDCs), stablecoins pegged to real-world assets, digital wallets , and blockchain-based payment networks.

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Process Digital Currency Online and Mobile Banking Payments 102

Wharton Fintech

FEBRUARY 26, 2024

I will go back maybe a decade ago again with blockchain. I used to joke that everyone tried to end every conversation, every sentence with “on the blockchain.” We have done a lot of work with blockchain technology, particularly stablecoin. It is really important to separate out blockchain as a technology.

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Visa Technology Payments Encryption 130

CoinRemitter

JULY 9, 2024

From efforts to boost oversight of stablecoin arrangements, to focus on the DeFi space, 2024 promises to be a year of crypto regulatory developments. Stablecoins will take Center Stage Stablecoins are gaining traction among financial institutions worldwide, attracting the attention of regulators also in 2024.

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Stablecoins Financial Crimes Cryptocurrency Money Laundering 40

Fintech News

OCTOBER 28, 2024

By leveraging the Model Law on Electronic Transferable Records to create verifiable and transferable electronic trade documents on a blockchain platform, DigiChain Innovations can facilitate the digitisation of trade documents. Ample was awarded the MAS FSTI Innovation Acceleration grant for excellence in fintech.

FinTech 113

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 113

Fintech Finance

NOVEMBER 21, 2024

This partnership is set to empower African communities, governments, and businesses, and represents a significant step toward realising the shared goal of financial inclusion and economic advancement across Africa, with blockchain and decentralised finance at the forefront of this transformation.

Payment Networks 98

Payment Networks Digital Payments Digital Currency Innovation 98

The Payments Association

DECEMBER 2, 2024

On the other hand, they may disrupt existing payment infrastructures, requiring firms to adapt their systems and develop new strategies to remain relevant in a CBDC-driven world. Cilliers believes the excitement around CBDCs, especially across the Atlantic is justified. “I

Embedded Finance 88

Embedded Finance Payments Fraud Detection AI 88

The Fintech Times

JANUARY 24, 2024

While not currently a major point for debate in the lead-up to the US Presidential election, Trump first made his views on a CBDC clear at a rally in Portsmouth, New Hampshire on 18 January 2024 during the Republican presidential primary campaign. He noted that a move away from CBDCs would not impact the US as a global crypto hub.

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CBDC Digital Currency Central Bank Privacy 95

The Payments Association

MARCH 18, 2025

The Federal Reserves shift on crypto banking access could impact payments, stablecoins, and digital assets. During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). Why is it important?

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Federal Reserve Stablecoins Fed Settlement 88

The Fintech Times

FEBRUARY 15, 2025

While central banks across the globe have begun researching the possibility of introducing a central bank digital currency (CBDC), only three countries have officially launched one, and we still await one from a genuine world leader – aside from China piloting the digital Yuan with questionable levels of adoption.

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CBDC Central Bank Stablecoins Digital Currency 90

The Payments Association

JANUARY 31, 2025

It further undertakes “ to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy ” Highlights of the Order are outlined below. Fact Sheet ) The Working Group will be chaired by David Sacks, the special advisor for AI and Crypto.

Stablecoins 88

Stablecoins Office of the Comptroller of the Currency Treasury Regulations 88