eNaira: Central Bank of Nigeria Introduces NFC Technology and Programmability for Enhanced User Adoption
According to Ledger Insights, the Central Bank of Nigeria recently unveiled new enhancements for its central bank digital currency (CBDC), the eNaira, aiming to stimulate its service offerings and promote wider adoption among users. To begin with, the eNaira will now support NFC (Near Field Communication) technology, the same technology employed by popular platforms like […]
Swiss National Bank Set to Launch Digital Interbank Money Pilot by end of year, Says Thomas Moser in Interview
Switzerland’s central bank, the Swiss National Bank (SNB), is actively incorporating decentralised finance technology into traditional finance and considering the issuance of digital money for broader circulation, according to Thomas Moser, an Alternate Governing Member of the SNB. In an interview with finews.tv, Moser revealed that the SNB plans to introduce digital interbank money as […]
Bank of England Governor urges banks to progress tokenized bank deposits
Source: Ledger Insights On Monday, the Governor of the Bank of England (BoE), Andrew Bailey, delivered a speech on the future prospects for money, diving into the potential of new forms of digital currency. Mr. Bailey wants to preserve the status quo between financial institutions and the central bank, but he also wants to encourage banks to spur greater […]
Crypto-friendly DBS Bank launches digital yuan payment tool
Source: Cointelegraph Cryptocurrency-friendly bank DBS is cooperating with mainland China on the development of a new payment solution for the digital yuan, also known as e-CNY. DBS Bank China officially announced on July 5 the launch of the e-CNY merchant solution, allowing mainland businesses to receive payments in the central bank digital currency (CBDC). The new service […]
An Interview with Susan Friedman, Head of Policy at Ripple, about the digital Pound
In the third of our member video series, we talk with Susan Friedman of Ripple about the potential benefits of a digital Pound, what frameworks might need to be put into place for CBDCs not only in the UK but globally, and why Ripple chose to become a member of the Digital Pound Foundation. Are […]
Single Currency Package: new proposals to support the use of cash and to propose a framework for a digital euro
Source: European Commission The European Commission has today put forward two proposals to ensure that citizens and businesses can continue to access and pay with euro banknotes and coins across the euro area, and to set out a framework for a possible new digital form of the euro that the European Central Bank may issue […]
Policy drivers for a retail CBDC
Source: Digital Bytes | Written by Jannah Patchay Executive Director and Policy Lead at the Digital Pound Foundation (DPF) Central bank digital currencies (CBDCs) – a digital form of central bank-issued fiat currency – have seen an explosive growth in interest over the past four years. At the start of 2023, 114 countries, representing 95% of […]
Fireblocks joins Digital Pound Foundation’s membership community
We are very pleased to announce the addition of Fireblocks to the Digital Pound Foundation’s membership community. Fireblocks joins the Foundation as a corporate member and will also take part in the Policy, Legal and Regulatory Working Group. Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, is […]
Quant launches Overledger Platform
Source: Quant Today, we unveiled Overledger Platform, making the same enterprise-grade technology that has underpinned our projects with institutional and central bank customers to-date, accessible to large enterprises, SMEs and developers for the first time. We are proud to unveil Overledger Platform: the infrastructure used in Project Rosalind – the Bank of England and Bank for International Settlements’ […]
SNB to launch digital currency pilot
Source: Reuters The Swiss National Bank (SNB) is to issue a wholesale central bank digital currency (CBDC) on Switzerland’s SIX digital exchange as part of a pilot, the central bank’s chairman said at a conference in Zurich on Monday. “This is not just an experiment, it will be real money equivalent to bank reserves and […]
