PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? He pointed to the concept of synthetic central bank digital currencies ( CBDC ).

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Central Bank Digital Currency CBDC Settlement 57

Fintech News

JANUARY 21, 2025

Similarly, Project Nexus , spearheaded by the Bank for International Settlements (BIS), aims to improve cross-border payment systems through faster, cheaper, and more transparent transactions. The initiative seeks to establish multilateral linkages of national retail payment systems.

Payment APIs and Integration 109

Payment APIs and Integration Finance Cross-Border API 109

PYMNTS

DECEMBER 10, 2019

Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec. Members of the Governing Council anticipate informal discussions about digital currency, which will take place ahead of a Thursday (Dec. Lagarde has vocalized that she favors central banks releasing electronic money.

Central Bank 54

Central Bank Digital Currency Federal Reserve Fed 54

PYMNTS

JANUARY 3, 2020

Digital currencies, yes – but with limits. 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.

Digital Currency 52

Digital Currency CBDC Central Bank Retail Payments 52

The Paypers

OCTOBER 30, 2020

A former governor of the China-based central bank has addressed the sovereign digital currency issue, the digital CNY being designed to grow retail payments at home and prevent USD dominance.

Retail Payments 36

Retail Payments Digital Currency Central Bank Addressing 36

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. A CBDC would be denominated in the sovereign currency, and convertible at par with other forms of money.”. . … The language is interesting — and noteworthy.

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CBDC Retail Payments Central Bank Digital Currency 40

Fintech News

FEBRUARY 28, 2024

While still below the all-time high of US$3 trillion in November 2021, this recovery signals a positive momentum and a rekindled interest in digital currencies. The market’s resilience is evident in the rebounding global crypto market capitalisation, which saw a 79% increase from US$795 billion at the start of 2023 to US$1.61

Cryptocurrency 124

Cryptocurrency Stablecoins Digital Currency Regulations 124

Fintech News

DECEMBER 20, 2023

Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code payment interoperability.

FinTech 109

FinTech Cross-Border CBDC Web 3.0 109

Clearly Payments

JANUARY 25, 2024

Some find their current payment methods sufficient (42.5%), while others cite service fees (38.7%), security concerns (35.5%), and integration challenges (29.2%) as barriers to adopting new options. Despite these advancements, challenges persist within the Canadian digital currency market.

Process 105

Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 105

PYMNTS

OCTOBER 2, 2020

In today’s top news, the European Central Bank outlines use cases for a digital euro, and Goldman Sachs will buy GM’s credit card business. European Central Bank Outlines Use Cases for Digital Euro. Plus, Walmart is partnering with Clover Health for its new health centers. Goldman to Pay $2.5B

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Use Case Credit Cards Central Bank Push-to-Card 77

The Fintech Times

SEPTEMBER 20, 2024

One of the biggest challenges central bank digital currencies (CBDCs) have faced in their development is who will actually use them. After all, if a country’s general public is happy with its current payment methods, why would they change?

Treasury 59

Treasury CBDC Assessments Digital Currency 59

The Fintech Times

SEPTEMBER 10, 2024

Crypto change China banned cryptocurrencies like Bitcoin in 2021 , shifting its focus to developing its own central bank digital currency (CBDC). The digital renminbi, or e-CNY, has been in development since 2014 and entered its pilot phase in 2019. Further collaborations are also underway.

FinTech 59

FinTech Online and Mobile Banking Digital Currency Economy 59

The Fintech Times

DECEMBER 31, 2023

As we enter 2024, the emergence of truly instant payment solutions feels almost inevitable. “According to research from the European Central Bank (ECB), Single Euro Payments Area (SEPA) instant credit transfers currently account for only 14 per cent of all conventional SEPA credit transfers.

Global Payments 124

Global Payments Online and Mobile Banking Alternative Payment Methods Instant Payments 124

CoinRemitter

JUNE 26, 2024

Blockchain also supports creating and trading digital assets like tokens for stocks, bonds, and commodities. Central Bank Digital Currencies: Central banks are looking into using blockchain for digital currencies instead of physical cash. This reduces fraud and data breaches.

Blockchain 40

Blockchain Central Bank Cryptocurrency Digital Currency 40

Fintech News

MAY 8, 2024

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). Transactions tested included retail transfers among individuals and retail payments with merchants for purchasing goods and services.

CBDC 125

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 125

The Payments Association

MARCH 20, 2025

Diana Carrasco Vime, head of the Digital Pound Project at the Bank of England, discusses the vision behind the digital pound and its potential to transform retail payments while maintaining trust and financial stability. How could a digital pound help improve financial inclusion and accessibility in the UK?

Digital Currency 88

Digital Currency Retail Payments Privacy Stablecoins 88

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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CBDC Central Bank Stablecoins Digital Currency 90