40+ Financial Firms Join Project Agorá to Enhance Cross-Border Payments Using Tokenization

Image representing digital dollar

More than 40 private sector financial firms have joined forces with the Bank for International Settlements (BIS) and a consortium of leading central banks in Project Agorá, a groundbreaking initiative aimed at enhancing wholesale cross-border payments through tokenization. The project is being facilitated by the Institute of International Finance (IIF) and represents a significant step […]

Latin America Leads CBDC Adoption: A Roadmap for Digital Finance Revolution

Latin America Leads CBDC Adoption: A Roadmap for Digital Finance Revolution

Latin American countries have been making steady progress towards CBDCs. According to a report by the International Monetary Fund (IMF), the majority of central banks in the region are currently evaluating CBDCs. While most of the research and development is still in the early stages, a few nations have made significant strides towards the launch […]

Mexican CBDC Unlikely to Be Ready by 2024

Mexican CBDC Unlikely to Be Ready by 2024

Source: Bitcoin.com The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the development of the currency was still in its initial stages, and there is […]

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