PYMNTS

JUNE 23, 2020

Federal Reserve has introduced a new effort to combat payments fraud. According to the announcement, the Bank of Thailand is planning to use central bank digital currency (CBDC) to support funds transfer, with an eye on accelerating supplier payments as an early use-case of the payment system. In the U.S.,

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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.”

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PYMNTS

JANUARY 15, 2021

Federal Reserve Chair Jerome Powell said he isn’t in a rush to adopt a central bank digital currency (CBDC) because of the risks such currencies pose to the status of the dollar, CoinDesk reported. “We We don’t feel an urge or need to be first,” he said of CBDCs, according to the report. dollar is] the reserve currency.”.

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The Fintech Times

FEBRUARY 26, 2024

As of December 2023, 130 countries, representing 98 per cent of global GDP, were exploring central bank digital currencies (CBDCs) according to the Atlantic Council ‘s CBDC tracker. “The Federal Reserve , Bank of Canada , and Bank of England are studying CBDCs, and there are challenges in each country.

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PYMNTS

OCTOBER 9, 2020

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. India, according to reports earlier this fall, is mulling a ban on cryptos in general, but may indeed look more deeply into a CBDC. Fed, the Swiss National Bank and others.

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PYMNTS

SEPTEMBER 17, 2020

But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. Separately, of course, the People’s Bank of China (PBOC) has said that a test of a CBDC rests with small retail transactions — not large-volume transactions.

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PYMNTS

OCTOBER 12, 2020

The BIS noted of central bank digital currency ( CBDC ) that “a CBDC could provide a complementary central bank money to the public, supporting a more resilient and diverse domestic payment system. These principles include that CBDC do not impede monetary policy and “coexist with cash and robust private money.”.

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PYMNTS

FEBRUARY 5, 2020

The United States Federal Reserve is examining the possibilities and issues surrounding cryptocurrencies and digital payments, which include whether there would be a benefit to the agency issuing a digital currency , according to a report by Reuters.

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The Payments Association

OCTOBER 14, 2024

The flaws in prevailing central bank digital currency (CBDC) designs and suggestions for improving them. The designs broadly share a set of characteristics that, by and large, reflect a common set of mistaken assumptions that reveal important flaws in the prevailing CBDC proposals. What is this article about? Why is it important?

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Faster Payments Council

MARCH 15, 2023

The panel will explore some of these initiatives including the New York Fed's CBDC pilot program with major banks, the recently concluded Boston Fed's Project Hamilton and other global CBDC projects. The Federal Reserve is close to launching FedNow. Zelle® has become a phenomenal success story.

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PYMNTS

APRIL 15, 2020

Louis Federal Reserve President James Bullard estimated that the quarantine is costing the U.S. Louis Fed Pushes for Mass Testing Over Quarantine. Louis Federal Reserve President James Bullard estimated that the quarantine is coming at the cost of $25 billion daily to the U.S. economy $25 billion each day.

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PYMNTS

OCTOBER 9, 2020

In today’s top news, the Federal Reserve and seven central banks are collaborating on a framework for digital currency, and Amazon India prepares for its festive season with a $95.5 Fed, Central Banks Frame Criteria For Digital Currency. million boost. Plus, Affirm files for an IPO. Amazon India Gets $95.5M

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PYMNTS

AUGUST 21, 2020

Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars. Central bank digital currencies (CBDC) are here to stay — if they work. Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars.

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PYMNTS

NOVEMBER 25, 2020

The Value Of CBDC . As noted in this space , for example, Cleveland Federal Reserve President Loretta Mester said in a recent speech that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America.

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Tearsheet

FEBRUARY 8, 2024

While many countries worldwide are exploring the potential of Central Bank Digital Currency (CBDC), China continues to expand its e-CNY in the market. China introduced its CBDC to the world at the Olympic Games in February 2022. In the US, the CBDC would be a third form of the US Dollar after paper and coins.

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PYMNTS

JANUARY 15, 2021

Fed’s Powell: CBDC Will Be Years, Not Months, Away. Federal Reserve Chair Jerome Powell said he isn’t in a rush to adopt a central bank digital currency (CBDC) because of the risks such currencies pose to the status of the dollar. President-elect Joe Biden will push for a $1.9

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Finovate

JANUARY 31, 2024

progress on CBDCs lagging other nations Former President Donald Trump said recently that he would “never allow the creation of a central bank digital currency (CBDC).” created CBDC has plenty of issues – even without the antipathy of the once (and maybe future) U.S. .” Report: U.S. The effort in the U.K.

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The Payments Association

APRIL 14, 2025

For payment firms, a retail CBDC still represents a major prospective shift in the financial landscapeintroducing new competition in the form of central bank-issued money, and requiring firms to adapt their onboarding, wallet infrastructure, and data frameworks.

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The Payments Association

MARCH 18, 2025

The Feds crypto pivot: Unlocking banking access and its impact on payments 18 March 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The Federal Reserves shift on crypto banking access could impact payments, stablecoins, and digital assets. Why is it important?

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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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