CBDC

News/payments

EBAday 2023: Digital euro on unsteady ground

A final decision is yet to be made about the issuing of a digital euro by the European Central Bank (ECB). The earliest a CBDC could be released would be 2026, but as it becomes more of a reality more concerns are being raised.

26 May 2023

Finextra TV/payments

The future of resilient CBDC systems & cross-border architecture

Beju Shah, Head of Nordic Centre, BIS Innovation Hub, Bank for International Settlements, speaks at NextGen Nordics 2023, about the Hub's latest projects that are looking into creating resilient CBDC systems, building a new architecture for cross-border retail CBDCs, and using data to combat money laundering across firms and boarders.

23 May 2023

News/crypto

NY Fed and MAS find promise in CBDC for cross border payments

Distributed ledger technology can be used for cross-border, cross-currency payments between different CBDC ledgers, reducing settlement risk and cutting settlement time, according to research from the Monetary Authority of Singapore and the Federal Reserve Bank of New York.

22 May 2023

News/crypto

Ripple rolls out CBDC platform

Fresh from its acquisition of crypto cutoday provider Metaco, Ripple is rolling out an end-to-end CBDC platform for central banks, governments, and financial institutions to issue their own digital currencies and stablecoins.

19 May 2023

News/crypto

Visa uses CBDC for programmable finance prototype for farmers

Taking up a challenge from Brazil's central bank, Visa has built a prototype of a programmable finance platform for farmers using a CBDC.

10 May 2023

News/payments

European Parliament paper pours cold water on digital euro

The risks of rolling out a digital euro currently outweigh the benefits and a CBDC should not be introduced unless "new elements " emerge, says a paper prepared for the European Parliament.

10 May 2023

News/inclusion

Payments Canada Summit: Ghana's eCedi pilot

In 2022 Ghana began piloting a retail central bank digital currency, exploring both an online and an offline version of the so-called eCedi. The Bank of Ghana's Maxwell Opoku-Afari ran through the findings at last week's Payments Canada Summit.

08 May 2023

News/crypto

Temenos integrates with DLT-based CBDC tech stacks

Core banking vendor Temenos has been preparing for the digital currency future, integrating with two DLT-based CBDC technology stacks.

27 April 2023

News/payments

ECB sets out latest digital euro thinking

A digital euro could be made available via existing banking apps or via a dedicated Eurosystem app, according to the ECB's latest progress report on the project.

26 April 2023

News/crypto

NextGen Nordics: Retail CBDCs could jeopardise commercial banks’ deposit base

Exploring CBDCs and the future of technology in the Nordics and across Europe, Paige McNamee, senior reporter at Finextra discussed the painpoints central bank digital currencies could help to alleviate and what level of cybersecurity, AML and KYC is required.

25 April 2023

News/people

Merchants should be obliged to accept digital euro - ECB's Panetta

Merchants should be obliged to accept a future digital euro as legal tender, whilst people and businesses should also be able to obtain the CBDC at their banks, says ECB executive board member Fabio Panetta.

25 April 2023

Research/CBDC

Embracing Technology to shape the Future of Digital Banking

20 April 2023 603 downloads

Finextra TV/payments

Examining the Real Value Proposition of Crypto and Digital Assets

Speaking at Innovate Finance Global Summit 2023, Kirit Bhatia, Head of Business Development, International, Ripple, explores where crypto is having a tangible and positive impact, how digital assets can generate societal, environmental and economic benefits, and how best to spot and develop these.

19 April 2023

Finextra TV/payments

Are CBDCs a Risk or an Opportunity for Capital Markets?

Speaking at Innovate Finance Global Summit 2023, Dr Ruth Wandhöfer, Speaker, Adviser and Venture Partner, considers whether different forms of digital currency and payments can live alongside each other in harmony, as well as the opportunities and risks associated with Central Bank Digital Currency.

19 April 2023

News/markets

IFGS 2023: Singapore seeks coordinated and global approach to fintech

In the fireside chat with the Monetary Authority of Singapore (MAS), chief fintech officer, Sopnendu Mohanty, discussed the current financial landscape in Singapore and the fintech developments in the region with moderator Sasha Qadri.

19 April 2023

News/crypto

IFGS 2023: BoE's Sir Jon Cunliffe reveals how tokenisation of money is being explored

The Deputy Governor of the Bank of England for Financial Stability Sir Jon Cunliffe explored how the central bank is looking to secure the UK's economic future and whether digital currencies and assets are the answer at Innovate Finance Global Summit, held at Guildhall in London.

18 April 2023

News/crypto

IMF engaging with dozens of countries on CBDCs

The International Monetary Fund is publishing a CBDC handbook amid growing demand for its assistance that has already seen the fund engage with nearly 30 countries investigating digital currencies.

13 April 2023