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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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Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa

Fintech Finance

Over 350 million adults in Africa live on a cash-only basis ( [link] ), without access to financial accounts, credit cards, or lending facilities. Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Inputs from academia, industry leaders, and government bodies informed the design and architecture of the wholesale Digital Rupiah. Collaborative efforts align with the Indonesia Payment System Blueprint 2030, which prioritises innovation, financial inclusion, and economic sustainability.

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

PYMNTS

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability.

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Exploring Digital Currencies Across the Middle East and Africa in 2024

The Fintech Times

– Increased financial inclusion Cryptocurrencies provide a potential solution for individuals who are marginalised or excluded from traditional financial services and institutions. By leveraging cryptocurrencies, these individuals gain access to financial tools and services previously unavailable to them.

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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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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. China has been at the forefront of those efforts, at least as measured in terms of debuting an actual CBDC, and is in the midst of testing its digital yuan in various settings.

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