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

3 Things to Know About the UK’s DFMI Consortium Exploring Future of Money
3 Things to Know About the UK’s DFMI Consortium Exploring Future of Money
August 29, 2022  |  Cryptocurrency

Last week saw the launch of the Digital Financial Markets Infrastructure (DFMI) consortium, a cross-industry body committed to exploring the future of money through real...

READ MORE >
How Lessons From Nigeria’s eNaira Rollout Can Guide Future of CBDCs in Africa
How Lessons From Nigeria’s eNaira Rollout Can Guide Future of CBDCs in Africa
August 25, 2022  |  CBDC

In its August monetary policy statement, the Central Bank of Zimbabwe (CBZ) announced that it has developed a “roadmap for adoption of CBDC [central bank...

READ MORE >
FIS Intros Infrastructure Solution for Global Real-Time Payments, CBDCs 
FIS Intros Infrastructure Solution for Global Real-Time Payments, CBDCs 
August 25, 2022  |  Digital Payments

Financial services technology provider FIS is introducing a solution to enable central banks in more countries to update and innovate their existing real-time payments network...

READ MORE >
What China’s Slow Digital Yuan Rollout Says about CBDC Payments
What China’s Slow Digital Yuan Rollout Says about CBDC Payments
August 24, 2022  |  CBDC

The latest news about China’s digital yuan is that it can now be used to pay for bus rides in Guangzhou, joining subway systems in...

READ MORE >
CBDC Weekly: Fed’s Bowman Says FedNow Makes Digital Dollar Unnecessary
CBDC Weekly: Fed’s Bowman Says FedNow Makes Digital Dollar Unnecessary
August 22, 2022  |  Cryptocurrency

Fed Governor Michelle Bowman suggested that she believes the FedNow real-time payments system will make a digital dollar unnecessary. Speaking at the VenCent Fintech Conference...

READ MORE >
R3 Blockchain Finds a Foothold Beyond Banks
R3 Blockchain Finds a Foothold Beyond Banks
August 19, 2022  |  Cryptocurrency

It’s fair to say that when it comes to turning the promise of blockchain into the reality of blockchain, catching up with the hype cycle...

READ MORE >
Colombia Eyes CBDC to Ease Transactions, Stop Tax Evasion
Colombia Eyes CBDC to Ease Transactions, Stop Tax Evasion
August 17, 2022  |  CBDC

Aiming to make transactions easier for consumers and to put an end to tax evasion, Colombia is reportedly considering introducing a central bank digital currency...

READ MORE >
PYMNTS Cryptocurrency Glossary: Central Bank Digital Currency
PYMNTS Cryptocurrency Glossary: Central Bank Digital Currency
August 15, 2022  |  Cryptocurrency

Cryptocurrency is a confusing business with a language all its own, in part because it is a genuinely new way of doing business and in...

READ MORE >
Zimbabwe Has ‘Roadmap’ to CBDC, Says Central Bank Governor
Zimbabwe Has ‘Roadmap’ to CBDC, Says Central Bank Governor
August 14, 2022  |  CBDC

Zimbabwe central bank governor John Mangudya has said there’s a “roadmap” to adopt a CBDC, a consultation paper from the bank said. This comes six...

READ MORE >