digital currency

Digital currency is a type of currency available in digital form. It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies, cryptocurrencies, and central bank digital currency.

Source: en.wikipedia.org

UAE Plans Digital Dirham to Promote Cross-Border Payments
UAE Plans Digital Dirham to Promote Cross-Border Payments
February 13, 2023  |  CBDC

The United Arab Emirates (UAE) is preparing to launch a central bank digital currency. The Gulf nation announced its digital currency plans Sunday (Feb. 12)...

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ECB Renews Long-Term Commitment to Maintaining Euro Cash System
ECB Renews Long-Term Commitment to Maintaining Euro Cash System
February 08, 2023  |  Cash

The European Central Bank (ECB) has reaffirmed its commitment to maintaining a euro cash system. Commenting on a December ECB study on the payment attitudes...

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Bank of England Aiming to Launch Digital Pound by 2030
Bank of England Aiming to Launch Digital Pound by 2030
February 07, 2023  |  CBDC

The Bank of England and U.K. Treasury are exploring the feasibility of an official “Britcoin.” This, as a formal consultation launched Tuesday (Feb. 7) aims...

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India Tests Contactless Digital Rupee Payments
India Tests Contactless Digital Rupee Payments
February 06, 2023  |  CBDC

Indian banks and retailers have reportedly begun accepting contactless payments made with digital rupees. The move is part of the Reserve Bank of India’s retail...

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Visa Looks to Build Crypto ‘Muscle Memory’ With USDC
Visa Looks to Build Crypto ‘Muscle Memory’ With USDC
February 06, 2023  |  Cryptocurrency

Visa is reportedly exploring plans to let customers convert crypto assets into fiat currencies. Speaking at the StarkWare Sessions 2023 conference in Tel Aviv, Cuy...

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Argentina and Brazil Explore Common Currency
Argentina and Brazil Explore Common Currency
January 22, 2023  |  Latin America

The two biggest economies in South America are reportedly working on a common currency. Brazil and Argentina will announce the project this week, the Financial...

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Global CBDC Real-Time Payment Network Launches in Davos
Global CBDC Real-Time Payment Network Launches in Davos
January 19, 2023  |  CBDC

Leave it to the lofty inspirations of the World Economic Forum to come up with the Universal Digital Payments Network. This, as the new cross-border...

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People’s Bank of China Enables Offline Payments with Digital Yuan
People’s Bank of China Enables Offline Payments with Digital Yuan
January 16, 2023  |  CBDC

The People’s Bank of China has reportedly enabled Android users to make offline payments using digital yuan. With a new function added to the bank’s...

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Digital Pound’s Future Uncertain As Lawmakers Debate Financial Sector Oversight
Digital Pound’s Future Uncertain As Lawmakers Debate Financial Sector Oversight
January 16, 2023  |  emea

A digital pound consultation is expected to be published in “weeks not months.” The comments were made by city minister Andrew Griffith during a Treasury...

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