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. But digital currencies are far from irrelevant. CBDC overview across the MEA region in 2024 But why are so many countries adopting CBDC initiatives?

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Digital Currency CBDC Cross-Border Payments Cross-Border 111

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. euros (at least at present).

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Digital Currency Central Bank CBDC Federal Reserve 70

PYMNTS

JANUARY 26, 2020

Bank of France Governor Francois Villeroy de Galhau said on Saturday (Jan. 25) that central banks should be in charge of issuing electronic currency, not private companies, Reuters reported. He noted that private citizens also might ask for cash alternatives. . “In

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Central Bank CBDC Digital Currency Cross-Border 100

The Fintech Times

FEBRUARY 17, 2025

. “By leveraging the banks and our partners core strengths, we aim to launch a stablecoin that can be used securely by institutions and individuals across a wide number of use cases. As public chain instruments with proven use cases, stablecoins play a critical role in the overall digital asset ecosystem.

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Stablecoins Issuers Use Case Cross-Border Payments 104

Fintech News

JANUARY 9, 2025

Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda.

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Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 127

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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Digital Currency CBDC Retail Payments Central Bank 87

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis.

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Central Bank Digital Currency CBDC Federal Reserve 57

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

In particular, cloud computing is becoming increasingly prevalent, with 60% of banks in Singapore migrating their core systems to the cloud. Artificial intelligence (AI) is also gaining traction, particularly for risk assessment and operational efficiency.

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Payment APIs and Integration Finance Cross-Border API 109

The Payments Association

JUNE 16, 2025

The experiment was carried out in partnership with Thales, Secretarium, and Consult Hyperion, demonstrating both the technical plausibility and the layered complexities of enabling a central bank digital currency (CBDC) to function without internet connectivity. This distinction has real-world implications.

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Settlement CBDC Payment APIs and Integration Privacy 88

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.

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Digital Currency Central Bank Federal Reserve P2P 56

PYMNTS

SEPTEMBER 17, 2020

The race to develop central bank digital currencies (CBDCs) is underway, but it seems the Reserve Bank of Australia may not be in the running. 17), Australia’s central bank has viewed the issuance of such digital coinage with caution, and even a bit of skepticism.

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Central Bank CBDC Digital Currency Federal Reserve 72

The Paypers

SEPTEMBER 9, 2020

Mastercard has launched a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDCs) use cases.

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Digital Currency Central Bank Visa Use Case 41

The Paypers

JUNE 20, 2025

Subscribe now Keywords: real-time payments , P2P payments , financial inclusion , SMEs , partnership Categories: Payments & Commerce Companies: Mastercard , National ITMX Countries: Thailand ::: add a comment This article is part of category Payments & Commerce ::: more Mastercard | National ITMX | Discover all the Company news on Mastercard and other (..)

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Visa RTP CBDC Real Time Payments 61

Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

The Payments Association

JANUARY 21, 2025

Will Marwick CEO, IFX Payments The Payments Report 2024 highlights the growing impact of digital currencies, particularly stablecoins, as transformative payment solutions. The report notes how stablecoins, supported by regulatory developments, are driving advancements in digital commerce and cross-border transactions.

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Payments Trends Financial Crimes Cross-Border Payments 88

PYMNTS

SEPTEMBER 15, 2020

Central bank digital coins on the Continent – but plenty of room for cash. In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies.

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CBDC Risk Central Bank Digital Currency 91

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.

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

The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

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Interbank Settlement CBDC Settlement Use Case 134

PYMNTS

OCTOBER 15, 2020

Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a use case “that’s going to tip the scale here.” But he pointed to a use case that might be a bit under the radar. So that is certainly an aspiration.

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Real Time Payments NACHA SWIFT TCH 125

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. Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

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PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. China Touts Proprietary Digital Currency.

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Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

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.

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Digital Currency CBDC Central Bank Retail Payments 52

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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Digital Currency Fed Federal Reserve CBDC 52

CoinRemitter

FEBRUARY 9, 2024

A Central Bank Digital Currency is a country’s official currency, presented in a digital form. It operates on a blockchain network and is issued and backed by the central bank of the respective country. 130 countries in the world are currently exploring central bank digital currencies.

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Digital Currency Central Bank CBDC Distributed Ledger Technology (DLT) 40

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Stablecoins also “have the potential to serve as a digital monetary instrument to embed in DLT applications, including for programmable money or smart contracts,” the paper added.

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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

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. Treasurer Chancellor Rishi Sunak said in a press release. Sunak announced the measures while outlining other proposals for the U.K.’s

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Fintech Finance

JULY 4, 2024

It provides another convenient and secure method for people to make digital transactions without the need for expensive devices like smartphones. A simple smart card can help them start making digital transactions at a low cost.

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Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

PYMNTS

SEPTEMBER 15, 2020

Using infrastructure developed by Visa within its Visa Direct service, Interchecks is leveraging its own platform to facilitate real-time transactions for corporate clients of First Horizon's treasury management solutions. Mastercard Leads Central Bank Digital Currency Test. and we seem to be that bridge.".

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RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105

The Paypers

JUNE 23, 2025

Subscribe now Keywords: cryptocurrency , regulation , digital assets , crypto asset Categories: DeFi & Crypto & Web3 Companies: Nauru Government Countries: Nauru ::: add a comment This article is part of category DeFi & Crypto & Web3 ::: more Nauru Government | Discover all the Company news on Nauru Government and other articles related to Nauru Government (..)

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Regulations Cross-Border CBDC Governance 59

Fintech News

OCTOBER 6, 2024

Swift will interlink various digital asset networks, blockchains, and central bank digital currencies (CBDCs), enabling seamless transactions between traditional and emerging forms of value. Key use cases for these trials include payments, foreign exchange (FX), and securities transactions.

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SWIFT Transactions Settlement Use Case 109

Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. It was a contactless payment on POS using a card issued by Eurasian Bank JSC on the Way4 digital payments software system.

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Fintech News

MAY 21, 2024

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs).

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Settlement Cryptocurrency Blockchain Digital Currency 139

The Fintech Times

MAY 26, 2024

In recent years, digital currencies have been all the rave. 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.

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CBDC Central Bank Multi-Currency Privacy 98

Fintech Finance

MARCH 26, 2024

The cooperative has focused its innovation agenda on interoperability between digital currencies and tokenised assets to overcome the potential risk of fragmentation, caused by the development of digital currencies on different technologies and with different standards and protocols.

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Use Case Cross-Border SWIFT CBDC 52

PYMNTS

JUNE 23, 2020

The Bank of Thailand is readying to commence work on new infrastructure aimed at streamlining financial transactions for the business sector, it recently announced. The Bank of Thailand said it will begin development next month and aims to complete it by the end of the year. Federal Reserve Tackles Fraud Across Rails.

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Federal Reserve RTP Payment APIs and Integration Fed 106

Clearly Payments

FEBRUARY 19, 2024

With continued innovation and adaptation, this sector is poised to shape the future of commerce in the digital age. Digital Currency and Payments The emergence of digital currencies and associated payment systems has heralded a paradigm shift in the financial landscape, marked by a diverse array of players, technologies, and applications.

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Process Digital Currency Online and Mobile Banking Payments 102