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

Zimbabwe Unveils Gold-Backed CBDC
Zimbabwe Unveils Gold-Backed CBDC
May 08, 2023  |  CBDC

Zimbabwe is debuting a gold-backed digital currency as it battles an inflation crisis. The country’s central bank says the tokens — set to launch Monday...

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OpenTrade to Launch Platform for Investing in Tokenized Financial Assets 
OpenTrade to Launch Platform for Investing in Tokenized Financial Assets 
May 05, 2023  |  Investments

OpenTrade has raised $1.5 million in a funding round for its platform for investing in tokenized financial assets. OpenTrade plans to launch its platform in...

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CBDC Skepticism in Europe Paves Path for Tokenized Deposits
CBDC Skepticism in Europe Paves Path for Tokenized Deposits
May 03, 2023  |  CBDC

A spate of bank runs and controversies over central bank digital currencies (CBDCs) may further pave the way for tokenized deposits. The issues surrounding CBDCs...

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Crypto May Be Down, but Some Consumers Aren’t Counting It Out
Crypto May Be Down, but Some Consumers Aren’t Counting It Out
April 17, 2023  |  Cryptocurrency

Credit unions may consider pausing but perhaps not completely foregoing cryptocurrency offerings as the sector emerges from recent scandals. FTX. Gemini. Binance. With now-household names...

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Stablecoin Bill Enters Congress as US Lawmakers Eye Currency’s Future
Stablecoin Bill Enters Congress as US Lawmakers Eye Currency’s Future
April 17, 2023  |  Regulation

The U.S. Congress is looking to bring stablecoins deeper into the regulatory fold. And potentially the broader global financial system. A new 73-page draft bill,...

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Ripple to Help Montenegro Launch CBDC
Ripple to Help Montenegro Launch CBDC
April 11, 2023  |  CBDC

Montenegro has joined dozens of nations around the world in pursuing a digital currency. The Central Bank of Montenegro (CBCG) is working with cryptocurrency and...

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Credit Unions Weigh Cryptocurrency’s Effects on Member Loyalty
Credit Unions Weigh Cryptocurrency’s Effects on Member Loyalty
April 11, 2023  |  Credit Unions

Nearly one-third of United States consumers own cryptocurrency, and consumers who own crypto consider it when making various financial decisions. For example, 45% of crypto...

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US Treasury Says CBDCs Good for Consumers, Bad for Banks
US Treasury Says CBDCs Good for Consumers, Bad for Banks
March 24, 2023  |  CBDC

As the world’s digital transformation accelerates, money and payments are coming along for the ride. Or leading the charge, depending on who you ask. This,...

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Bank of England Says ‘Britcoin’ Will Boost UK Businesses
Bank of England Says ‘Britcoin’ Will Boost UK Businesses
February 27, 2023  |  CBDC

The U.K.’s digital currency project will have real world benefits for the country’s businesses. That’s according to Ben Broadbent, deputy governor for monetary policy at...

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