CBDC - Payments Space

Bank of Canada Puts CBDC Development on Ice: Is This Indicative of Global CBDC Demise?

The Fintech Times

SEPTEMBER 25, 2024

While 134 countries and currency unions, representing 98 per cent of global GDP, are currently exploring a central bank digital currency (CBDC), the Bank of Canada has revealed it is officially putting efforts to introduce a digital version of the Canadian dollar on pause. Could a CBDC still be in Canada’s future?

CBDC

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Brazil preps new round of CBDC pilots

Finextra

SEPTEMBER 8, 2024

Google, Visa and Nubank are among the big names selected to take part on the second round pilots for Brazil's Drex CBDC project.

CBDC

RAKBANK Completes International CBDC Transaction Using eCNY and Digital Dirham

The Fintech Times

SEPTEMBER 11, 2024

RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC. “This is a gamechanger that paves the way for instant blockchain based CBDC exchanges with payment versus payment, fundamentally altering how we approach international payments.

CBDC

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Bank of Thailand Concludes Retail CBDC Pilot Programme, Reveals Key Findings

Fintech News

MAY 8, 2024

Thailand, under the guidance of the Bank of Thailand (BOT) , has been at the forefront of this movement, continuously studying and testing the feasibility of a Retail CBDC since 2018. The project evolved, incorporating enhanced functionalities, cross-border fund transfers, and a Corporate CBDC Pilot Program.

CBDC

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Ghana pilots blockchain-based credentials and CBDC for global trade

Finextra

JULY 30, 2024

The Bank of Ghana (BoG) has completed a proof-of-concept into the use of digital credentials for international trade and CBDC-based cross-border payments.

Credential

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Bank-backed DLT-based CBDC platform Project MBridge reaches MVP stage

Finextra

JUNE 5, 2024

The Bank for International Settlements says it multi-central bank CBDC platform, Project mBrige, is ready to accept value added products and new use cases as it reaches minimum viable product stage (MVP).

CBDC

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Australia gives priority to wholesale CBDC over retail

Finextra

SEPTEMBER 18, 2024

The Reserve Bank of Australia is to prioritise the issuance of a wholesale central bank digital currency over a retail CBDC, arguing that a clear business case for the latter has yet to emerge.

CBDC

CBDC Central Bank Digital Currency

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

Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. However, a significant shift has occurred with the launch of Eurasia’s first CBDC cards in Kazakhstan, providing 20 million consumers with a new, tangible way to manage CBDC funds.

CBDC

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Brazil Central Bank advances CBDC pilot programme

The Paypers

SEPTEMBER 6, 2024

Brazil's central bank (BCB) announced the selection of 13 participants for the second phase of its central bank digital currency (CBDC) initiative.

Central Bank

Central Bank CBDC Digital Currency Participant

Swift’s collaborative experiments explore more complex CBDC use cases

The Payments Association

MARCH 28, 2024

Swift's recent collaborative experiments with 38 global institutions demonstrated new use cases for its CBDC interlinking solution across digital trade, securities and foreign exchange. Read more

Use Case

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Swift’s Sandbox Connector Trial Shows Promise in CBDC Development

Fintech News

MARCH 25, 2024

Swift, the global financial messaging cooperative, revealed that the latest round of experiments conducted within a collaborative Central Bank Digital Currency (CBDC) sandbox has shown promising results for the application of CBDCs and digital tokens. said Tom Zschach, Chief Innovation Officer at Swift.

CBDC

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Hong Kong invites applications for Phase 2 CBDC pilot programme

Finextra

MARCH 14, 2024

Hong Kong's central bank is inviting interested parties to submit applications for Phase 2 of its e-HKD CBDC pilot programme.

CBDC

CBDC Central Bank

JCB to begin Phase 2 trials of offline CBDC

Finextra

DECEMBER 13, 2023

Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).

CBDC

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HDFC Bank introduces new UPI and CBDC features

The Paypers

SEPTEMBER 3, 2024

HDFC Bank has introduced new features for the Unified Payments Interface (UPI) and Central Bank Digital Currency (CBDC), developed in collaboration with various fintech partners.

CBDC

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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

CBDC

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Mastercard demonstrates CBDC interoperability for Web3 commerce

The Paypers

OCTOBER 12, 2023

Global payments technology company Mastercard has revealed that it demonstrated CBDC interoperability for trusted Web3 commerce in Australia.

CBDC

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Banks in Kazakhstan roll out CBDC card services

Finextra

MAY 16, 2024

In just 6 months after Kazakhstan launched the digital tenge, its Central Bank Digital Currency, over 10 innovative CBDC card services have become available to the country's population of 20 million.

CBDC

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Philippines announces non-blockchain CBDC plans

The Paypers

FEBRUARY 12, 2024

Bangko Sentral ng Pilipinas (BSP) has revealed the intention to launch a wholesale central bank digital currency (CBDC) by 2026.

CBDC

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New BIS Project Explores Wholesale CBDC for Faster, Cheaper Cross Border Payments

Fintech News

JUNE 4, 2024

Decentralised solutions, CBDC, and interconnected payment infrastructures offer promising paths to improve cross-border payments. Featured image credit: Edited from Freepik The post New BIS Project Explores Wholesale CBDC for Faster, Cheaper Cross Border Payments appeared first on Fintech Singapore.

Cross-Border Payments

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Australia to prioritise wholesale CBDC over retail

The Paypers

SEPTEMBER 23, 2024

The Reserve Bank of Australia has made a strategic commitment to prioritise working on the development of a wholesale central bank digital currency (CBDC).

CBDC

CBDC Central Bank Digital Currency

How the UAE’s Stablecoin Decision Could Impact Local Businesses, Crypto and a Future CBDC

The Fintech Times

JUNE 19, 2024

What could it mean for the future of the financial ecosystem, for the crypto space in the region, and the future of a UAE CBDC? ” Enabling innovation and a future CBDC? . ” Enabling innovation and a future CBDC? But what is the significance of its latest decision regarding stablecoins?

CBDC

CBDC Stablecoins Regulations Disputes

Banque De France Has Finished CBDC Trial

PYMNTS

JANUARY 19, 2021

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. In 2020, the bank put out a request for applications for a CBDC experiment. startup SETL provided, of around 2 million euros (about $2.4 million), per CoinDesk.

CBDC

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Italian banks cooperate in CBDC project

The Paypers

JUNE 23, 2023

Collaborating with the Bank of Italy , the Associazione Bancaria Italiana (ABI) has brought together a group of banks in a pilot program for a central bank digital currency (CBDC).

CBDC

CBDC Central Bank Digital Currency

ICAEW Joins Forces With UAE Banks Federation to Guide Digital Transformation as CBDC Efforts Ramp Up

The Fintech Times

AUGUST 9, 2024

This initiative coincides with the UAE’s advanced pilot of a Central Bank Digital Currency (CBDC), which is designed to work alongside traditional physical currencies, offering a secure and efficient method of digital transactions. The UAE is one of only 36 countries in the world currently piloting a CBDC.

CBDC

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Conclusion report from Bank of Thailand envisages innovation potential of a retail CBDC

Finextra

MAY 9, 2024

The Bank of Thailand (BOT) recently released the report of its Retail Central Bank Digital Currency (CBDC) pilot project which it conducted on Giesecke+Devrient´'s (G+D) technology solution.

CBDC

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Japan abandons CBDC project

The Paypers

AUGUST 3, 2022

The Bank of Japan (BoJ) has announced it will be abandoning its planned host of central bank digital currency (CBDC) services due to a reported lack of public interest.

CBDC

CBDC Central Bank Digital Currency

Central Bank of UAE launches CBDC implementation strategy

The Paypers

APRIL 5, 2023

The Central Bank of the UAE has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3 , G42 Cloud and Clifford Chance.

Central Bank

Central Bank CBDC Digital Currency

A CBDC could make cross-border payments faster, safer: NY Fed

Payments Dive

NOVEMBER 10, 2022

Researchers designed a prototype digital currency and blockchain and simulated foreign exchange spot transactions that cleared within 10 seconds, but they said the study doesn’t endorse a CBDC or assume the Fed will issue one.

CBDC

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France and Luxembourg central banks work together on a CBDC initiative

The Paypers

DECEMBER 2, 2022

Banque de France and the Banque centrale du Luxembourg worked together on an experimental Central Bank Digital Currency (CBDC) initiative.

CBDC

CBDC Central Bank Digital Currency

China includes CBDC in its currency circulation report

The Paypers

JANUARY 12, 2023

The People’s Bank of China (PBC) has included in its currency circulation report the country’s central bank digital currency (CBDC), the e-CNY, also known as digital yuan.

CBDC

CBDC Central Bank Digital Currency

Banks push back against CBDC

Payments Dive

AUGUST 29, 2022

The nation’s biggest bank and bank trade groups stressed the risks of creating a central bank digital currency in comments to the Fed, and largely rejected the idea that a digital dollar would accomplish stated goals.

CBDC

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SWIFT delivers plan on global CBDC network

The Paypers

OCTOBER 7, 2022

Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies.

CBDC

CBDC SWIFT Central Bank Digital Currency

The Bank of Thailand launches a retail CBDC pilot

The Paypers

JUNE 14, 2023

The Bank of Thailand has revealed its plans to launch a retail CBDC pilot in a regulatory sandbox in collaboration with three payment providers.

CBDC

CBDC Payments

RBI's retail CBDC pilot includes blockchain technologies

The Paypers

DECEMBER 20, 2022

The Reserve Bank of India has launched CBDC pilots in the wholesale and the retail segment, with the retail one including blockchain-based components.

CBDC

CBDC Blockchain Technology

Norway builds CBDC prototype on Ethereum infrastructure

The Paypers

SEPTEMBER 14, 2022

Norges Bank officials have announced that Norway’s central bank digital currency (CBDC) prototype is based on Ethereum infrastructure.

CBDC

CBDC Central Bank Digital Currency

Nigeria launches its CBDC eNaira

The Paypers

OCTOBER 25, 2021

Nigeria has launched its central bank digital currency (CBDC), the eNaira, following an announcement by its president, according to trtworld.com.

CBDC

CBDC Central Bank Digital Currency

Canada shelves retail CBDC work

Finextra

SEPTEMBER 23, 2024

After years of research, the Bank of Canada says it is "scaling down" its work on a retail central bank digital currency.

CBDC

CBDC Central Bank Digital Currency Research

Bank of Ghana tests CBDC integration with mobile money providers

The Paypers

JUNE 1, 2022

The Central Bank of Ghana (BoG) has announced it granted Vodafone Cash and CalBank customers the opportunity to test its online version of its digital currency (CBDC), the eCedi.

CBDC

CBDC Central Bank Digital Currency

Hong Kong Monetary Authority Launches Wholesale CBDC Project to Develop Local Tokenisation Market

The Fintech Times

MARCH 7, 2024

Through the new project, Hong Kong Monetary Authority will explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through a wholesale CBDC.

CBDC

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Bitcoin Daily: Bank Of Korea Seeks Partner For CBDC Program

PYMNTS

AUGUST 31, 2020

The Bank of Korea (BOK) is speeding up its efforts to create a central bank digital currency (CBDC) experimental program, The Korea Times reported. A possible partner will assist the central bank in making a CBDC system framework based on the results from the first stage's research results.

CBDC

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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

SEPTEMBER 15, 2020

But as to what a CBDC might look like in the eurozone, ECB executive board member Yves Mersch said a speech earlier this year that retail central bank digital currency (CBDC) is a game-changer and that retail CBDCs would be a “main focus.”

CBDC

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Congressional committee passes bill to thwart CBDC

Payments Dive

SEPTEMBER 25, 2023

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.

CBDC

CBDC Central Bank Digital Currency Blocks

South Korea plans a CBDC pilot in 2024

The Paypers

NOVEMBER 24, 2023

South Korea has revealed its plans to launch a central bank digital currency (CBDC) pilot involving 100,000 citizens in the fourth quarter of 2024.

CBDC

CBDC Central Bank Digital Currency

RBI explores offline solutions to improve CBDC adoption

The Paypers

FEBRUARY 12, 2024

The Reserve Bank of India (RBI) has revealed its intention to explore offline solutions to improve CBDC adoption in India’s remote areas.

CBDC

Bank of Canada Puts CBDC Development on Ice: Is This Indicative of Global CBDC Demise?

Brazil preps new round of CBDC pilots

RAKBANK Completes International CBDC Transaction Using eCNY and Digital Dirham

Webinars

Bank of Thailand Concludes Retail CBDC Pilot Programme, Reveals Key Findings

Ghana pilots blockchain-based credentials and CBDC for global trade

Bank-backed DLT-based CBDC platform Project MBridge reaches MVP stage

Australia gives priority to wholesale CBDC over retail

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

Brazil Central Bank advances CBDC pilot programme

Swift’s collaborative experiments explore more complex CBDC use cases

Swift’s Sandbox Connector Trial Shows Promise in CBDC Development

Hong Kong invites applications for Phase 2 CBDC pilot programme

JCB to begin Phase 2 trials of offline CBDC

HDFC Bank introduces new UPI and CBDC features

SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Mastercard demonstrates CBDC interoperability for Web3 commerce

Banks in Kazakhstan roll out CBDC card services

Philippines announces non-blockchain CBDC plans

New BIS Project Explores Wholesale CBDC for Faster, Cheaper Cross Border Payments

Australia to prioritise wholesale CBDC over retail

How the UAE’s Stablecoin Decision Could Impact Local Businesses, Crypto and a Future CBDC

Banque De France Has Finished CBDC Trial

Italian banks cooperate in CBDC project

ICAEW Joins Forces With UAE Banks Federation to Guide Digital Transformation as CBDC Efforts Ramp Up

Conclusion report from Bank of Thailand envisages innovation potential of a retail CBDC

Japan abandons CBDC project

Central Bank of UAE launches CBDC implementation strategy

A CBDC could make cross-border payments faster, safer: NY Fed

France and Luxembourg central banks work together on a CBDC initiative

China includes CBDC in its currency circulation report

Banks push back against CBDC

SWIFT delivers plan on global CBDC network

The Bank of Thailand launches a retail CBDC pilot

RBI's retail CBDC pilot includes blockchain technologies

Norway builds CBDC prototype on Ethereum infrastructure

Nigeria launches its CBDC eNaira

Canada shelves retail CBDC work

Bank of Ghana tests CBDC integration with mobile money providers

Hong Kong Monetary Authority Launches Wholesale CBDC Project to Develop Local Tokenisation Market

Bitcoin Daily: Bank Of Korea Seeks Partner For CBDC Program

EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

Congressional committee passes bill to thwart CBDC

South Korea plans a CBDC pilot in 2024

RBI explores offline solutions to improve CBDC adoption

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