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Tawasul Transport pilots government-regulated stablecoin for taxi fare payments

NFCW

“This milestone is part of joint efforts to enhance digital payment solutions and develop a smart, secure, and seamless transportation experience.” “This milestone is part of joint efforts to enhance digital payment solutions and develop a smart, secure, and seamless transportation experience.”

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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And even before the BIS findings, in March, members of U.S.

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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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How New York's planned digital currency sidesteps Libra's issues

Payments Source

Facebook’s Libra cryptocurrency project has drawn vast political pushback, but also more tangible government action as nations globally consider central bank supported digital currencies. It’s also sparking a potential bottom-up approach in New York.

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The Payments Association Urges UK Government to Modernise Payment Infrastructure in New Manifesto

The Fintech Times

The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection. This follows the publication of the governments National Payments Vision and Strategy (NPV&S) late last year.

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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?

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Sweden’s Central Bank Floats E-Krona As Digital Currency

PYMNTS

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb. Making payments in e-krona will be “as easy as sending a text,” Riksbank said on its website.