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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

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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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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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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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

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). The indirect model featured an on-chain DLT-based solution developed by UDPN engineers. The PoC explored two models.

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Bitcoin Daily: Italy's Banks Test Digital Euro On DLT

PYMNTS

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. Any bank can participate in the digital currency initiative, Ledger Insights reported.

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Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Regulators and lawmakers, however, can latch onto digital currency efforts as they must monitor and also supervise such stablecoins. In a paper that debuted Tuesday (Nov.

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Bitcoin Daily: Bank Of Canada Tests DLT; Crypto Startup Uphold Gets Into Loans

PYMNTS

The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. Work remains to be done to determine how it can be set up to maximize the benefits for the whole financial system.”.