CBDC

The phrase "central bank digital currency" (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. The present concept of CBDCs was directly inspired by Bitcoin, but a CBDC is different from virtual currency and cryptocurrency, which are not issued by a state and lack the legal tender status declared by the government.

Source: en.wikipedia.org

International CBDC Aims to Unify Fragmented Digital Currency Landscape
International CBDC Aims to Unify Fragmented Digital Currency Landscape
April 11, 2023  |  Payment Methods

The central bank digital currency (CBDC) field has become crowded, global in scope, and yet in many cases, fragmented. Generally speaking, in concept, the CBDC...

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Digital Currency Monetary Authority Debuts International CBDC
Digital Currency Monetary Authority Debuts International CBDC
April 10, 2023  |  CBDC

The Digital Currency Monetary Authority has unveiled a digital coin designed to speed cross-border transactions. Introduced Monday (April 10) at the spring meeting of the...

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Bank of England Building Its CBDC Team
Bank of England Building Its CBDC Team
April 09, 2023  |  CBDC

England’s central bank has reportedly begun hiring workers to develop its digital currency. The Bank of England (BOE) wants to create a team of up...

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Could Britcoin Change the UK’s Payments Balance of Power?
Could Britcoin Change the UK’s Payments Balance of Power?
April 06, 2023  |  CBDC

Programmability has been pegged as one of the major draws of digital currencies and one of innovative services that central bank digital currency (CBDCs) could...

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Will FedNow’s July Launch Make Crypto and Stablecoins Redundant?
Will FedNow’s July Launch Make Crypto and Stablecoins Redundant?
April 03, 2023  |  Payment Methods

Digital is often a one-way street, and the finance sector appears to be taking it. This is as the future of money movement looks set...

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Pan-EU Payments Challenger Lacks Consumer and Merchant Demand
Pan-EU Payments Challenger Lacks Consumer and Merchant Demand
March 31, 2023  |  Payments Innovation

Although Europe lacks a pan-regional scheme to rival international card networks, building and igniting one means giving consumers and merchants a reason to get on...

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Sen. Ted Cruz Introduces Bill Prohibiting Fed From Developing CBDC
Sen. Ted Cruz Introduces Bill Prohibiting Fed From Developing CBDC
March 22, 2023  |  CBDC

Bills opposing a central bank digital currency (CBDC) in the U.S. have been introduced at both the federal and state level. Sen. Ted Cruz, R-Texas,...

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Nigerian Cash Shortage Drives 63% Uptick in Digital Currency Use
Nigerian Cash Shortage Drives 63% Uptick in Digital Currency Use
March 22, 2023  |  CBDC

A cash shortage in Nigeria has made the country’s digital currency much more popular. The value of eNaria transactions has jumped 63% to 22 billion...

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Lagarde Says Digital Euro May Give Europe Greater Resiliency
Lagarde Says Digital Euro May Give Europe Greater Resiliency
March 21, 2023  |  CBDC

A digital euro may provide Europe with greater resiliency and autonomy. So said European Central Bank President Christine Lagarde during a virtual event hosted by...

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