SWIFT to Unveil CBDC Platform in Move Towards Digital Banking
In a significant development for the global banking sector, SWIFT, the international banking communications network, has announced plans to launch a new platform within the next 12 to 24 months. This platform aims to integrate the emerging central bank digital currencies (CBDCs) with the current financial system. The initiative underscores the rapidly growing interest in […]
Sweden Explores Offline Payments in the Final E-Krona CBDC Pilot Report
Sweden’s central bank, the Riksbank, has concluded its exploration into the potential of a digital krona with the publication of its fourth and final report on the project, released on March 20. This culminating document sheds light on the outcomes of the e-krona pilot, particularly emphasising the user experience and the digital currency’s offline capabilities, […]
Digital Dollar Project partners with the Digital Pound Foundation to strengthen international discussion and collaboration
We are pleased to announce that the Digital Dollar Project has joined the Digital Pound Foundation (DPF) as a strategic partner. The Digital Dollar Project is a neutral, non-profit forum focused on exploring digital innovation in money and preserving the role of the U.S. Dollar in a world of decentralised and centralised sovereign and non-sovereign […]
Innovation vs Access to Cash: Priorities for a Retail CBDC
Author: Claire Conby, Operations and Innovation Lead at the Digital Pound Foundation and Co-founder of OneStep Financial – with thanks to Phil Kenworthy for his input into this article (and for the waving of the £5 note!) A few weeks ago, I was sitting on a panel talking about the evolution of digital money and what we […]
PayPal Introduces Zero-Fee Remittances with PYUSD Stablecoin via Xoom
PayPal is enhancing its Xoom money transfer application by allowing users to conduct remittances without any fees when using its stablecoin, PYUSD. This initiative is part of PayPal’s strategy to increase its presence in the global remittance market and to promote the usage of PYUSD, which was introduced last year. Unlike the standard 2% fees […]
EU Backs Plans for an EU-Wide Digital Wallet for Secure Online Authentication
The European Union has backed plans for a new EU-wide wallet, which would enable EU citizens to securely identify and authenticate themselves online without relying on third-party commercial services, addressing concerns related to trust, security, and privacy. The Digital Identity Wallet would be designed for voluntary use. Throughout the negotiation process, Members of the European […]
Global Digital Finance partners with the Digital Pound Foundation to improve policy collaboration across the digital finance ecosystem
We are pleased to announce that Global Digital Finance (GDF) has joined the Digital Pound Foundation (DPF) as a strategic partner. GDF is an open innovation community that works towards improving market standards and regulation for digital finance through engagement with industry, policymakers and regulators. Global Digital Finance and the DPF will collaborate on areas […]
Preserving the singleness of money in a rapidly changing financial landscape
Date: Wednesday 28 February 2024Location: London, UK On 28th February 2024, the Digital Pound Foundation held a roundtable entitled “Preserving the Singleness and Uniformity of a digital Pound”, in which we explored the challenges around preserving the singleness of money in the digital age. In the future, multiple different forms of money – both public and private, […]
Swiss City of Lugano Launches Blockchain Bond with Wholesale CBDC Settlement
In Switzerland, the city of Lugano has announced the issuance of its second blockchain bond, following its initial blockchain bond launch a year prior. This recent issuance, valued at CHF 100 million, integrates with the Swiss National Bank’s (SNB) Project Helvetia, marking a significant step by settling transactions in wholesale central bank digital currency (CBDC). […]
Updated Digital Euro Legislation Supports Permissionless Blockchains
This week, the EU’s parliamentary Committee on Economic and Monetary Affairs convened to discuss the digital Euro, unveiling an updated draft of the digital Euro legislation with significant revisions, including backing for permissionless blockchains. The draft now allows conditional payments in digital Euros on permissionless distributed ledgers, expanding beyond privately issued assets like crypto-assets or […]
