CBDC platforms are revolutionising financial inclusion
Source: OMFIF, written by Koji Fusa For many of those involved in implementing central bank digital currency platforms, the goal is the same: financial inclusion. While most households can access some form of digital payments, there are still 2.5bn people globally who do not have bank accounts. Without a bank account and, subsequently, no payment history to show, credit for this population is not guaranteed and they may fall victim to […]
Multi-CBDC cross-border payments systems inch closer to reality
Source: OMFIF Improving cross-border payments is a key priority for the G20. At the 2023 Digital Monetary Institute symposium in London, Tommaso Mancini-Griffol, deputy division chief of monetary and capital markets at the International Monetary Fund, said that Libra, Facebook’s attempt at a global currency, delivered a ‘collective shock’ to the public sector. He highlighted the inadequacies of […]
Russian CBDC legislation expands foreign access
Source: Ledger Insights The Central Bank of Russia’s (CBRs) digital ruble pilot was delayed from its planned start date of April 1, pending the passage of legislation at the State Duma. The delayed version was expected to pass by now, but according to the Russian state news agency TASS, the legal go ahead for the central bank digital currency (CBDC) […]
CBDCs on the horizon: The current state of CBDC initiatives around the world
Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]
An Interview with Gilbert Verdian, Founder and CEO of Quant, about the prospect of a digital Pound
In the second of our member video series, we talk with Gilbert Verdian of Quant about his prospects of a digital Pound and why they chose to become a member of the Digital Pound Foundation. If you would like to learn more about Quant and explore some of Gilbert Verdian’s insights, be sure to visit […]
Ripple Launches CBDC Platform for the Development of CBDCs and Stablecoins
Source: Ripple Full-service platform allows user to seamlessly mint, manage, transact and redeem CBDCs and stablecoins With more than 90% of countries exploring, developing and implementing Central Bank Digital Currencies (CBDCs) as a way to increase financial inclusion and lower the cost and risk of domestic and cross-border payment processes, today Ripple is announcing the Ripple CBDC Platform, […]
Project mBridge: Connecting Economies Through CBDCs, Cross-Border Payments, and FX
About this webinar Building on the G20’s priority to experiment with the use of new technologies to deliver real-time, cheaper and safer cross-border payments and settlements, the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, the Bank of Thailand, the Digital Currency Institute of the People’s Bank of China and the Central […]
Bank of England and Quant share CBDC vision
Source: Quant During a panel session at the Financial Times Digital Assets Summit last week, the Bank of England’s director for central bank digital currency, Tom Mutton, and our CEO Gilbert Verdian shared their views on a digital pound and tackled questions from the audience about personal data privacy and interoperability. Joy Macknight, editor of The FT’s […]
Britcoin: BoE’s CBDC head says digital pound will have ‘very highest standards of privacy’
Source: City A.M. The Bank of England’s director of fintech batted away concerns that a digital pound would threaten privacy as he confirmed that it would not be exchangeable with cryptocurrencies as they currently exist. Speaking at the Financial Times’ Crypto and Digital Assets Conference, Tom Mutton – who is responsible for leading the CBDC […]
Project Polaris: Handbook for offline payments with CBDC
Source: BIS DOWNLOAD THE HANDBOOK A survey conducted by the BIS Innovation Hub Nordic Centre shows that 49% of central banks consider offline payments with retail CBDC to be vital, while another 49% deemed it to be advantageous. Providing offline payments with CBDC is an important requirement for many central banks for reasons such as […]
