PYMNTS.com - Digital Pound Foundation

Xoom by PayPal Introduces Stablecoin Settlements for Cross-Border Payments

PayPal has announced that its cross-border payments platform, Xoom, will now offer settlement services using PayPal USD (PYUSD). This marks a significant step in integrating stablecoins into global money transfers. As revealed in a press release on Tuesday, 19th November, the service will initially be available to Xoom’s disbursement partners, with Cebuana Lhuillier, a financial […]

Federal Reserve Faces Criticism for Potential Disruption of Stablecoin Regulations

A recent supervisory communication from the Federal Reserve concerning the utilisation of dollar tokens, like stablecoins, for facilitating payments by state member banks, has ignited controversy among members of Congress on Monday, August 28th. The Federal Reserve recently issued a set of guidelines for state member banks, stipulating the necessity of obtaining written supervisory nonobjection […]

A Lot More Required for CBDC Adoption to Take Off In Emerging Markets

Original Source: PYMNTS.com It’s been over a year since the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from facilitating cryptocurrency transactions and processing payments for crypto exchanges, lest they risk “severe regulatory sanctions.” In a statement, the bank said the directive, which saw Binance and other exchanges halt deposits […]

About the Foundation

Whilst most CBDC experiments have involved private sector technology providers, the overwhelming majority of these experiments, to date, have not involved participation from other private sector actors. The Digital Pound Foundation is unique in proposing a model whereby the public and private sectors can fully engage in the design, development and adoption of a digital Pound, thus contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy.

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Collaborate with other members through our various working groups, discussing and building concepts around use cases and payments, innovative approaches to privacy, identity, and sustainability, and addressing legal and regulatory concerns collaboratively. Join our events, both in-person and online, and participate across our panel discussions, roundtables, and webinars. Meanwhile, our audience is large and growing quickly, providing members with additional outlets to share and amplify their latest news and developments.