The State of Global CBDC Adoption with Darrell Duffie
Source: Ripple Each quarter we’ll be going under the hood with professors from Ripple’s University Blockchain Research Initiative (UBRI) to gain a deeper understanding of trending topics in crypto and blockchain, and highlight their insights and key takeaways. There seem to be almost as many opinions about the viability and best use of Central Bank Digital Currencies […]
Poundcast Episode 5: Digital Currencies “undoing the internet’s original sin”, with Nick Philpott of Zodia Markets
In episode 5, Jannah Patchay, Policy Lead and one of the originating members of the Digital Pound Foundation, speaks to Nick Philpott, COO of Zodia Markets. In this episode, Jannah and Nick discuss how digital currencies could help undo “the internet’s original sin”, explore his experiences with the Libra project and talk about how the […]
Universal Digital Payments Network launched at Davos
Source: Finextra A Universal Digital Payments Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDCs) was launched at the World Economic Forum (WEF) in Davos. The network aims to provide interoperability between these digital currencies. UDPN has been in development for the last two years with contributions from GFT, Red Date Technology, TOKO, and […]
Bank of America Says CBDCs Are the Future of Money and Payments
Source: Coindesk Digital currencies, such as central bank digital currencies (CBDCs) and stablecoins, are the natural evolution of money and payments, Bank of America said in a research report on Tuesday. “CBDCs do not change the definition of money, but will likely change how and when value is transferred over the next 15 years,” analysts […]
The Geopolitics of CBDCs
Written by Jannah Patchay, Policy Lead for the Digital Pound Foundation Central bank digital currencies (CBDCs) – a digital form of central bank-issued fiat currency – have seen explosive growth in interest over the past four years. At the start of 2023, 114 countries, representing 95% of global GDP, are currently exploring CBDC, of which 60 […]
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 […]
JN Bank onboarded as new wallet provider for Jam-Dex
Source: Loop Jamaica JN Bank members will be able to deposit and transfer funds, pay bills and convert funds seamlessly between regular accounts and Central Bank Digital Currency (CBDC) wallets when the full roll-out of its digital wallet takes place later this year. JN Bank became the second deposit-taking institution to be onboarded as a […]
Despite crypto crash, financial institutions are cautiously wading into digital assets
Source: OMFIF This year will be remembered as one of reckoning for digital assets. After years of slushy and speculative asset price growth and the spread of numerous junk cryptocurrencies, with at best dubious value, the rapid collapse of the crypto world is something many economists had expected for a long time. Yet, amid such dynamics is […]
Adoption grows as more than $7T settled with stablecoins in 2022
Source: CryptoSlate The ongoing bear market did little to curb the rising use of stablecoins. On the contrary, dollar-pegged coins like USDT and USDC saw a parabolic growth in market cap this year, becoming a defacto settlement currency of the crypto industry. Following the collapse of Terra and its algorithmic stablecoin UST, the two stablecoin giants took over the majority of stablecoin […]
OpenCBDC to process 1.84M transactions per second as Boston Fed, MIT collab is complete
Source: CryptoSlate The Federal Reserve Bank of Boston and MIT announced on Dec. 22 that their CBDC research effort, Project Hamilton, is now complete. That initiative aimed to research the technical feasibility of a central bank digital currency or CBDC. Such an asset would be tied to the value of the U.S. dollar and issued by a […]