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Key considerations for the adoption of digital currencies

Finextra

Central banks across 66 countries are now in the advanced phases of exploring Central Bank Digital Currencies (CBDCs), with 44 pilots including the digital euro already underway. But digital currencies do not stand on their own. Digital currencies can be issued by central banks (aka. billion in April.

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Keepz Facilitates Digital Currency Payment Option for Taxes in Georgia

The Fintech Times

Georgian fintech Keepz has collaborated with the Georgian Revenue Service to make digital currencies a payment option for taxes. With our growing network of payers and merchants, and our expansion into Italy and Turkeywe are changing the digital payment realm.”

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India in Talks to Forge New Cross-Border Payment Linkages, Says RBI

Fintech News

India’s initiatives are also closely tied to its exploration of central bank digital currencies (CBDCs). The central bank views digital currencies as a cost-effective tool for trade settlements, remittances, and other financial transactions, though comprehensive testing is necessary before widespread implementation.

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dtcpay and Visa Partner to Enable Global Digital Currency Payments

Fintech News

dtcpay is integrating its digital payment capabilities into Visa ’s global network, giving access to over 130 million merchants across more than 200 countries and territories. This collaboration aims to bridge traditional payments with digital currencies, enabling merchants to accept transactions from a growing segment of UHNW customers.

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Will Central Bank Digital Currencies (CBDCs) Impact Cross-Border Payments in 2024?

The Fintech Times

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. With so many countries looking towards centralised digital assets, we set out to find out how these would impact the cross-border payments market.

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JCB to pilot softPOS technology for central bank digital currency transactions

NFCW

The offline P2P trial forms phase two of JCB’s ongoing CBDC pilot — known as JCBDC — and will test a system for making peer-to-peer digital currency transfers either from one physical card to another via an intermediary NFC mobile device or directly between NFC smartphones.

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Exploring Digital Currencies Across the Middle East and Africa in 2024

The Fintech Times

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?