R3 and IDEMIA Collaborate to Support Secure Offline CBDC Transactions

Offline payment

R3, a provider of digital solutions for financial markets, has announced a partnership with IDEMIA Secure Transactions (IST), a division of IDEMIA Group, a global provider of security and connectivity solutions. This collaboration aims to support the Central Bank Digital Currency (CBDC) landscape by integrating IST’s offline payment solution into R3’s Digital Currency platform, enabling […]

Bank of Papua New Guinea Unveils Results of their CBDC Proof of Concept

Papua New Guinea Flag

On Tuesday, 28 January 2025, the Bank of Papua New Guinea (BPNG) unveiled the results of its Proof of Concept (PoC) study on Central Bank Digital Currencies (CBDCs), marking a significant milestone in the nation’s digital financial development. The event, held at the Hilton, was presented in collaboration with Soramitsu, Mitsubishi, and supported by the […]

The Future of Money in the UK – Digital Pound Progress Explained

British Pound

The Bank of England and HM Treasury are actively exploring the feasibility of a digital Pound CBDC, envisioned as a digital complement to physical cash. This initiative aims to provide households and businesses with a trusted, uniform, and accessible payment method in an increasingly digital economy. While the project promises to foster innovation and support […]

Cred Launches e-Rupee Wallet, Marking a Milestone in India’s Digital Currency Initiative

Payments in India

Indian fintech giant Cred has become the first non-bank platform to roll out access to the e-Rupee, India’s central bank digital currency (CBDC). This development follows the Reserve Bank of India’s (RBI) decision to expand its CBDC pilot programme beyond banks, opening the door for private payment firms to participate. Cred, backed by investors including […]

What is the Bank of England’s Digital Pound Lab?

Digital Pound Lab

The Digital Pound Lab, announced on 14 January 2024, is a critical component of the Bank of England’s exploration into the feasibility of a central bank digital currency (CBDC). It serves as a technology sandbox environment, designed to facilitate innovation, experimentation, and collaboration between public and private sector participants. The Lab plays a pivotal role […]

Bank of England and HM Treasury Publish Digital Pound Design Notes, Seeking Public Input

The Bank of England and HM Treasury are intensifying their exploration of a digital pound CBDC. As part of their commitment to transparency, they have published a set of design notes outlining the emerging framework for the digital pound. These notes provide early insights into the Bank’s thinking on key aspects, including technology, regulation, and […]

2025 Could Be a Turning Point for Central Bank Digital Currencies: OMFIF

Image representing global CBDC projects

A new report by OMFIF, in partnership with Giesecke+Devrient, is set to explore the factors contributing to central banks’ hesitation about launching central bank digital currencies (CBDCs). This research highlights the ongoing progress in CBDC development globally, despite some central banks still being undecided about issuance. As more research and experimentation continue, 2025 could see […]

Guangzhou Unveils CBDC Action Plan to Boost Adoption and Innovation

Image of Guangzhou skyline

The Office of the Financial Committee of the CPC Guangzhou Municipal Committee has issued a comprehensive action plan to further promote the use of the digital renminbi (RMB) in the city. The “Action Plan for Further Promoting Digital RMB Work in Guangzhou” aims to strengthen the digital currency’s role in enhancing the local economy and […]

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