CBDCs: A New Chapter in Global Banking

CBDCs: A New Chapter in Global Banking

Source: Ripple The emergence of blockchain technology, coupled with real-world use cases and the dramatic free fall in global cash usage have led to a surge in CBDC research and development today.  Nine out of ten central banks are actively exploring CBDCs, and Juniper Research predicts CBDC payments will reach $213 billion by 2030. This boom is […]

BIS: Stablecoins vs. Tokenized Deposits – Implications for the Uniqueness of Currency

BIS: Stablecoins vs. Tokenized Deposits - Implications for the Uniqueness of Currency

The modern monetary system rests upon a fundamental concept known as the “uniqueness of currency.” This principle ensures that monetary transactions are not subject to fluctuating exchange rates between various forms of money, whether they are privately issued (e.g., deposits) or publicly issued (e.g., cash). The uniqueness of currency establishes an unequivocal unit of account […]

Visa Expands Stablecoin Settlements with Solana and Partners Worldpay and Nuvei

Visa Expands Stablecoin Settlements with Solana and Partners Worldpay and Nuvei

Visa is taking significant steps to modernise cross-border money transfers, with plans to expand its stablecoin settlement capabilities to the Solana blockchain. The company is collaborating with merchant acquirers Worldpay and Nuvei to facilitate this development. Visa has already initiated live pilots with issuers and acquirers, effectively moving millions of USDC (USD Coin) between its […]

UK Regulated Liability Network to experiment with digital pound as tokenized deposits

UK Regulated Liability Network to experiment with digital pound as tokenized deposits

Source: Ledger Insights Earlier this year, the Regulated Liability Network (RLN) made a big splash in the United States with trials involving several banks, Mastercard and the New York Federal Reserve. Now the UK Regulated Liability Network plans to experiment with a retail digital pound backed by commercial bank money or tokenized deposits. The RLN is a blockchain network […]

Citi Survey Reveals Rising Momentum for CBDCs in Accelerating Settlements

Citi Survey Reveals Rising Momentum for CBDCs in Accelerating Settlements

Escalating approval of Central Bank Digital Currencies (CBDCs) receives reinforcement from ongoing domestic trials and transnational endeavours in diverse jurisdictions, according to a study conducted by the prominent banking institution, Citi. In the context of discussions aiming to truncate local financial settlement cycles within the forthcoming five years, the majority of securities firms are setting […]

Is safe the new sexy? CBDCs, trust and the evolution of money

Is safe the new sexy CBDCs, trust and the evolution of money

Source: Mastercard Central banks have been exploring ways to issue their own digital currencies for years. Yet their efforts haven’t captured the public’s attention — for better or, more recently, for worse — like cryptocurrencies have. But central bank digital currencies, or CBDCs — essentially a digital version of fiat currency backed by a government […]

Why do we need a digital Pound? 

Why do we need a digital Pound?

What could a digital Pound offer to consumers that isn’t possible today? How are use cases important to its adoption? We explore this and more. Central Bank Digital Currencies (CBDCs) are a form of digital money that is gaining attention amid the rise of various digital currencies, including cryptocurrencies, stablecoins, and tokenised commercial deposits. The […]