PYMNTS

NOVEMBER 10, 2020

Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. Meanwhile, Lebanon Governor Riad Salameh announced that the country will be introducing a CBDC next year, to “restore confidence,” reported Bloomberg.

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CBDC Use Case Privacy Cryptocurrency 67

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?

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CBDC Digital Currency Central Bank Privacy 75

The Fintech Times

AUGUST 28, 2024

On 28 August 2024, HKMA officially launched the Project Ensemble Sandbox, which will test a wide range of tokenisation use cases, including the settlement of tokenised real-world assets (such as green bonds, carbon credits, aircraft, electric vehicle charging stations, and treasury management).

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Interbank Settlement CBDC Settlement Use Case 134

PYMNTS

DECEMBER 18, 2020

As reported by Reuters , the Sand Dollar – a new digital currency issued and backed by the Bahamian central bank – is now in circulation, and bit by bit, has been making inroads into retail use cases. Central Banks Around the World Eye CBDCs. Such central bank efforts toward CBDC might soon get a helping hand.

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Digital Currency Central Bank CBDC Fed 142

PYMNTS

AUGUST 21, 2020

And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. 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. Digital dollars are a maybe – but if so, not for a while.

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CBDC Fed Federal Reserve ISO 20022 107

Finextra

SEPTEMBER 11, 2024

Global banking co-operative Swift is moving forward with plans to offer member banks access to emerging digital asset classes and currencies over its network, covering a range of use cases in payments, securities, FX, trade and beyond

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SWIFT CBDC Use Case Payment Security 98

The Fintech Times

MAY 29, 2024

The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. The digital currency landscape in the MEA region is diverse, with a vast number of companies offering services to meet a variety of use cases and needs.

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Digital Currency CBDC Cross-Border Payments Cross-Border 111

Fintech News

JANUARY 21, 2025

Additionally, central bank digital currencies (CBDCs) are now a key trend, with initiatives such as Project Orchid in Singapore, the Digital Rupiah in Indonesia, and a retail CBDC project being piloted in Thailand. These include embedded finance, a market thats projected to reach US$7.85

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Payment APIs and Integration Finance Cross-Border API 109

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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Central Bank CBDC Digital Currency Federal Reserve 72

The Payments Association

JANUARY 22, 2025

Airlines already have mobile boarding passes generated at check-in to expedite boarding, and some work has been done within the airline mobile application; United is a good example use case, eliminating a traditional ID requirement at check-in including baggage. Previously, these exchanges relied on in-person verification.

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Security Online and Mobile Banking Credential Verification 88

PYMNTS

NOVEMBER 2, 2020

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release. RBA expects to finish the project at the end of this year.

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CBDC Distributed Ledger Technology (DLT) Visa AML 64

The Fintech Times

MAY 26, 2024

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. The potential use cases and benefits for users are hazy at best. This may mean that, initially, acceptance of the retail CBDC is gradual.

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CBDC Central Bank Privacy Multi-Currency 98

PYMNTS

OCTOBER 9, 2020

And we’re not talking about the myriad of cryptos that have popped up hither and yon, offered by private companies across what is still a Wild West for issuance (with no real set of security principles, yet) and scattered use cases. Beyond that, national efforts are piecemeal. Fed, the Swiss National Bank and others.

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Digital Currency Central Bank CBDC Federal Reserve 70

Fintech Finance

MARCH 26, 2024

Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies. This will help to facilitate access and usage of CBDCs in the new complex world of digital payments.

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Cross-Border Use Case SWIFT CBDC 52

The Paypers

MAY 6, 2025

The European Central Bank (ECB) has launched a platform to engage with market stakeholders in the ongoing development of the digital euro.

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PYMNTS

JANUARY 26, 2020

Some central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC), according to a release by the Bank of England on Jan.

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Central Bank CBDC Digital Currency Cross-Border 100

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. We welcome global talents and industry players to come to Hong Kong and be part of this very exciting tokenisation journey.”

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PYMNTS

JANUARY 20, 2020

As part of those efforts, the lab is being used to explore “whether there is a role for a digital Australian dollar — that is, an Australian [central bank digital currency (CBDC)] — in the context of the bank’s responsibilities for issuing the currency and overseeing the payments system.”. The language is interesting — and noteworthy.

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Digital Currency CBDC Retail Payments Central Bank 87

Fintech Finance

JULY 4, 2024

The offline function also enables use cases such as peer-to-peer payments (P2P) between individuals or payment-to-business payments (P2B). The success of several CBDC pilot projects around the globe has demonstrated the importance of offline payments.

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Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

PYMNTS

DECEMBER 22, 2020

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. The European Central Bank has been a vocal supporter of a digital euro, advocating for a CBDC.

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Distributed Ledger Technology (DLT) CBDC Digital Currency Bitcoin 69

PYMNTS

SEPTEMBER 8, 2020

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. Some 70 percent of Brazilians use cash as their main payment choice, as reported by Coingeek.com.

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Digital Currency Central Bank CBDC Instant Payments 87

Fintech Finance

MARCH 12, 2024

This will allow the exploration of payment use cases using the Brazilian digital currency in situations where there is no internet connection or electricity grid. 2 The Central Bank of Brazil plans to launch the CBDC DREX by the end of 2024. Only in this way can it be a truly inclusive public digital currency.

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PYMNTS

JUNE 23, 2020

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.

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Federal Reserve RTP Payment APIs and Integration Fed 106

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.

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FinTech Cross-Border CBDC Web 3.0 109

Fintech Finance

FEBRUARY 20, 2025

The situation is somewhat different for the central bank digital currencies (subsequently referred to as CBDCs) in Sweden, Denmark, and Switzerland. In these countries, four out of ten respondents are unfamiliar with CBDCs. Respondents primarily view the digital euro and the CBDC as a complement to existing payment methods.

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CBDC Central Bank Digital Currency Use Case 59

PYMNTS

JANUARY 3, 2020

According to a paper that debuted this week from the European Central Bank (ECB), central bank currencies in digital form have their uses, but individuals should be dissuaded from holding too much of a hypothetical digital euro. And in proposing the tiered structure, there would be “unattractive” rates on holdings above a certain level.

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Digital Currency CBDC Central Bank Retail Payments 52

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 ).

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Central Bank Digital Currency CBDC Settlement 57

Finovate

JANUARY 15, 2025

Where you’ll see it: FinovateEurope is sure to be packed with fresh AI use cases and regulatory guidance. Assessing leading use cases, challenges, barriers to adoption and how to navigate the roadblocks.” This session titled, “What is the state of play for GenAI in financial services?

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Embedded Finance FinTech Payment APIs and Integration AI 52

Faster Payments Council

MARCH 15, 2023

Speakers: Elizabeth McQuerry, Glenbrook Partners; Mike Sklow, Goldman Sachs; Samson Rajan; JP Morgan; Miriam Sheril, Form3 1:30pm-2:10pmCT: Panel Session – Business End-Users Mega Use Cases (City Beautiful Ballroom AB) As more capabilities become available for faster payments, business end users are finding creative ways to use the services.

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FPC ISO 20022 Cross-Border Payments Federal Reserve 88

PYMNTS

JANUARY 28, 2021

With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Evolving Use Cases. Digital assets are no longer a futuristic pipe dream in modern economy.

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Treasury Cross-Border Cross-Border Payments Interoperability 84

Fintech News

MARCH 5, 2024

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?

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Embedded Finance APACS Financial Inclusion CBDC 109

PYMNTS

NOVEMBER 25, 2020

Among the potential and evolving use cases: private stablecoins can conceivably be adopted as a means of payment for online purchases, peer-to-peer and micro-payments and a range of potential future. And in terms of use cases, stablecoins that are global in scope can be useful in cross-border payment transactions and in eCommerce.

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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

Fintech News

FEBRUARY 28, 2024

Interestingly, Singapore’s consumer cryptocurrency ownership is high among those surveyed in new findings, and staking has emerged as the most popular use case, preceding others such as trading cryptocurrencies and holding cryptocurrencies for the long term.

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Cryptocurrency Stablecoins Digital Currency Regulations 124

The Paypers

SEPTEMBER 14, 2023

Swift has announced that three central banks are beta testing its solution for interlinking CBDCs, while financial institutions are experimenting with the solution to explore further use cases.

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Central Bank SWIFT CBDC Use Case 41

Fintech News

MARCH 5, 2024

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?

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Embedded Finance APACS Financial Inclusion CBDC 98

PYMNTS

MARCH 22, 2019

There are other downsides to central bank-issued digital currency (CBDC), he explained. The use of crypto in international payments will be among the first real-world use cases done with a bank – and will be centered on institutional use (rather than sold to retail customers).

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Bitcoin Central Bank Cross-Border Payments Digital Currency 69

PYMNTS

FEBRUARY 5, 2020

It is also “conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential for a CBDC (central bank digital currency),” Brainard noted.

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Digital Currency Fed Federal Reserve CBDC 52