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

The Payments Association

James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments.

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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. Inputs from academia, industry leaders, and government bodies informed the design and architecture of the wholesale Digital Rupiah.

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Central Bank Digital Currencies (CBDCs) in 2024

Clearly Payments

A Central Bank Digital Currency (CBDC) is a digital form built on blockchain technology of a country’s fiat currency issued and regulated by the central bank. Wholesale CBDCs : These are designed for financial institutions and are used for large-scale transactions, such as interbank transfers or cross-border payments.

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Examining Thailand’s Fintech Landscape

The Fintech Times

Much of the success of Thailand’s ecosystem can be attributed to government-led initiatives and market demand. With a population of over 70 million people, Thailand’s capital and largest city, Bangkok, is world-renowned as a popular destination for tourists.

FinTech 116
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Project mBridge Reaches MVP Stage, Expands International Participation

The Fintech Times

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). This allows it to serve as a testbed for additional technology solutions and interoperability with other platforms.

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5 Top Payment Trends Impacting Asia in 2024

Fintech News

As governments and financial institutions adapt to the evolving environment, these changes are influencing the development and adoption of new payment systems. Prototypes and proofs of concept are being developed for payment systems based on distributed ledger technology (DLT).

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2024 Might be Full of Central Bank Digital Currency Launches, Know How

CoinRemitter

If CBDCs go mainstream, they can dominate the world of digital payments. However, CBDC payments cannot be as anonymous as crypto payments. Central Bank Digital Currency Launches So Far The first CBDC launch happened in 2020, which was DCash by The Central Bank of The Bahama.