Poundcast Episode 9: The nature of money – the role of currency in the digital era, with Kene Ezeji-Okoye of Millicent Labs
In episode 9, our host Jannah Patchay speaks to Kene Ezeji-Okoye, Co-Founder and Co-CEO of Millicent Labs. In this episode, Jannah and Kene discuss the rise of digital currencies in the context of digital fiat, how central banks reacted to the advent of stablecoins and in particular the potential threat posed by Facebook’s Libra / […]
Most Americans still skeptical about CBDC, says Cato/YouGov survey
Source: Ledger Insights A recent poll by YouGov and the Cato Institute found that 34% of Americans oppose the issuance of a central bank digital currency (CBDC), compared to 16% who favor it. Fears of government control, elimination of cash, and cyberattacks continue to weigh on people’s views of a digital dollar, especially among U.S. Republicans. Trust in the […]
CBDCs can help protect against surveillance capitalism
Source: OMFIF, written by Lewis McLellan Among digital privacy advocates, the launch of central bank digital currencies is often greeted with suspicion and alarm. On both sides of the Atlantic, there are concerns that CBDCs represent an opportunity for the state to obtain greater oversight over payments systems. In Europe, protesters demonstrated against a digital euro […]
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 […]
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 […]
Wholesale CBDCs: Fostering Interoperability and Standardisation in Global Financial Markets
In March 2023, the Digital Pound Foundation (DPF) and Association for Financial Markets in Europe (AFME) hosted our first joint roundtable, with representatives from both organisations alongside industry specialists and external observers. “As we cross the threshold from proof of concept to real traction, this joint event marks the beginning of a broader engagement in […]
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, […]
Jamaica to drive CBDC adoption with e-commerce marketplace
Source: Ledger Insights Earlier this month, Jamaican Senator Aubyn Hill announced the creation of a “digital marketplace” for e-commerce to enable consumers to pay with the country’s central bank digital currency (CBDC), the JAM-DEX. Digital marketplace aims “We have various payment platforms in the marketplace now such as Lynk and Jam-Dex. However, there are still not […]
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 […]