BIS Release Results of Survey on CBDCs and Cryptocurrency

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94% of central banks are actively exploring the development of a central bank digital currency (CBDC), and the results from an extensive survey performed by the Bank for International Settlements (BIS) involving 86 central banks highlights a significant increase in experiments and pilot programmes, particularly in advanced economies, with a notable rise in activity among […]

How Star Wars and Star Trek Got The Future of Money So Wrong! | Poundcast Episode 17

In episode 17 of the Poundcast, we are thrilled to host technologist and thought leader Dave Birch. With a rich background in secure communications and financial services, Dave shares his insights on the evolution of money from physical forms to digital assets. We delve into the historical context of money, discuss the role of digital […]

Insights from Ripple’s President: SEC Battles, Payment Innovations, and Stablecoins

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In a recent episode of ‘The Scoop Podcast’ by The Block, Monica Long, President of Ripple, offered a detailed discussion about the strategic movements of Ripple, especially in relation to XRP and the company’s new venture into stablecoins. Monica Long elaborated on how the clarity obtained from last July’s U.S. court decision—which confirmed XRP is […]

Parfin Unveils Rayls to Enhance Privacy in Brazil’s CBDC Drex

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Parfin, a financial technology firm, has developed Rayls, a new blockchain system designed to bolster privacy for Brazil’s central bank digital currency (CBDC), drex. Rayls operates in a permissioned mode, requiring Know Your Customer (KYC) compliance for all accounts, while also integrating with public blockchains via Rayls Public Chain, an Ethereum layer two (L2) solution. […]

Insights from Ripple’s 2023 Trends in Regional Payments Report

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Source: Ripple The global payments industry is evolving at an unprecedented pace. The race is on to stay ahead of dramatic shifts in consumer preferences, regulatory changes, and technological innovations. A consistent theme across these advances is the use of modern payment solutions, including blockchain-enabled payments, to realize faster, more inclusive, and transparent customer experiences.  […]

IMF Paper Addresses Cross-Border Payments Benefits and Challenges Using CBDCs

Global payments

As central banks worldwide continue to contemplate the issuance of central bank digital currencies (CBDC), a recent paper from the International Monetary Fund (IMF), written by André Reslow, Gabriel Soderberg, and Natsuki Tsuda, explores the potential benefits and challenges of implementing retail CBDCs for cross-border payments. The paper emphasises the importance of factoring in cross-border […]

Banco Central do Brasil Postpones DREX CBDC Initiative for Further Privacy Research

Blockchain privacy

Last week, the Banco Central do Brasil officially announced a delay in its DREX central bank digital currency (CBDC) project, citing the need to further explore privacy solutions. In the interim, the bank plans to commence phase two, which will broaden the range of use cases. A call for suggestions is expected in the third […]

Stablecoins Coming to Bitcoin’s Lightning Network, CEO Elizabeth Stark

Stablecoins Coming to Bitcoin's Lightning Network, CEO Elizabeth Stark

Lightning Labs is making headway in introducing stablecoins to the Bitcoin network. This advancement comes through the utilisation of Bitcoin’s Taproot upgrade, which was rolled out in late 2021. Elizabeth Stark, CEO of Lightning Labs, shared these insights during her presentation at FT Live’s Crypto and Digital Assets Summit in London. At the summit, Stark […]

​Making CBDCs work for offline payments

​Making CBDCs work for offline payments

Source: Quant In this article, we explore some of the key challenges associated with offline payments, why they must be an integral part of any central bank digital currency project and how to ensure that – while offline – they are secure and resilient enough to protect against cyberthreats and other financial crime. What are […]

The Social and Economic Benefits of a CBDC | Poundcast Episode 15

The Social and Economic Benefits of a CBDC

In Episode 15 of the Poundcast, we are joined by Simon Youel, Head of Policy and Advocacy at Positive Money, a key player in the realm of economic reform and an advocate for the responsible creation and distribution of money. As a recent addition to the DPF community, Positive Money brings a wealth of insights […]

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