Universal Digital Payments Network launched at Davos

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 […]

Behind the Scenes, Hong Kong is Setting the Stage for the Next Fintech Revolution

Original Source: Finextra All around the world, central banks are exploring and experimenting with the potential of Central Bank Digital Currency (CBDC), with around 100 countries having launched projects related to the technology to date. While the technology is still in its infancy, it has the potential to fundamentally alter the global payment landscape and […]

InvestHK opens CBDC Fast Track programme

Original Source: Finextra Invest Hong Kong has opened its Global Fast Track business matching and pitching portal to the territory’s central bank (HKMA) in a bid to boost the monetary authority’s CBDC research. The CBDC track invites banks, fintechs and tech firms to submit innovative ideas for development in eight focus areas, including retail CBDC […]

Barclays to host CBDC hackathon

Original Source: Finextra Speaking exclusively with Finextra, Barclays has announced it will host the ‘Barclays CBDC Hackathon 2022’ later this year, to promote the emergence of new technologies in large-scale banks. The hackathon will run on the 27th and 28th of September, and will consist of a series of coding challenges that will simulate the use of […]

Digital Asset Series 2022: Navigating CBDC Unknowns

Digital Asset Series 2022: Navigating CBDC Unknowns

Original Source: Finextra Key trends currently driving CBDC discussions across the globe. The global pandemic and the emergence of cryptocurrencies and stablecoins have accelerated the work on CBDCs. While some nations are further ahead in their CBDC timelines than others, the UK, US and Europe (among many more) are treading carefully, paying careful attention not […]

BIS and Bank Indonesia shortlist 21 teams for CBDC G20 TechSprint challenge

Original Source: Finextra The Bank for International Settlements (BIS) and Bank Indonesia, under the Indonesian G20 Presidency, today announced the shortlisted finalists for the G20 TechSprint challenge on central bank digital currencies (CBDCs). The 2022 competition was launched in April. The BIS Innovation Hub and Bank Indonesia published three operational challenges and invited a wide […]