Bank of Japan CBDC results highlight token-based CBDCs
Source: Ledger Insights In April, the Bank of Japan entered the pilot phase of its central bank digital currency (CBDC) work. Today it published the results of its second phase of the digital yen proof of concept work that ended in March. The central bank’s experiments targeted a wide range of topics. Two of the most interesting aspects of its work are the […]
Monoova executes a cross-border settlement using the Australian CBDC
Source: The Paypers Australia-based Monoova has successfully completed the first real-world cross-border settlement using the Australian dollar CBDC. The feat was achieved during an invitation-only event held by the Reserve Bank of Australia (RBA) in collaboration with the Digital Finance Cooperative Research Centre for participants in the Australian Central Bank Digital Currency (CBDC) pilot project. The pilot […]
Multi-CBDC cross-border payments systems inch closer to reality
Source: OMFIF Improving cross-border payments is a key priority for the G20. At the 2023 Digital Monetary Institute symposium in London, Tommaso Mancini-Griffol, deputy division chief of monetary and capital markets at the International Monetary Fund, said that Libra, Facebook’s attempt at a global currency, delivered a ‘collective shock’ to the public sector. He highlighted the inadequacies of […]
Russian CBDC legislation expands foreign access
Source: Ledger Insights The Central Bank of Russia’s (CBRs) digital ruble pilot was delayed from its planned start date of April 1, pending the passage of legislation at the State Duma. The delayed version was expected to pass by now, but according to the Russian state news agency TASS, the legal go ahead for the central bank digital currency (CBDC) […]
CBDCs on the horizon: The current state of CBDC initiatives around the world
Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]
An Interview with Gilbert Verdian, Founder and CEO of Quant, about the prospect of a digital Pound
In the second of our member video series, we talk with Gilbert Verdian of Quant about his prospects of a digital Pound and why they chose to become a member of the Digital Pound Foundation. If you would like to learn more about Quant and explore some of Gilbert Verdian’s insights, be sure to visit […]
Australia marks first FX transaction using a CBDC as eAUD pilot continues
Source: Cointelegraph Australia has successfully made its first foreign exchange transaction using eAUD as part of a live pilot for the country’s potential central bank digital currency. It comes amid a rising interest from countries around the world to learn about or launch central bank-issued digital currencies. Blockchain infrastructure provider Canvas said that on May 17, crypto […]
Ripple Launches CBDC Platform for the Development of CBDCs and Stablecoins
Source: Ripple Full-service platform allows user to seamlessly mint, manage, transact and redeem CBDCs and stablecoins With more than 90% of countries exploring, developing and implementing Central Bank Digital Currencies (CBDCs) as a way to increase financial inclusion and lower the cost and risk of domestic and cross-border payment processes, today Ripple is announcing the Ripple CBDC Platform, […]
Chinese Universities Begin Adopting Digital Yuan – Students to Lead CBDC Drive?
Source: CryptoNews Universities in China say they are adopting the digital yuan, and looking for ways to allow students to use the nation’s central bank digital currency (CBDC) in “every” aspect of their campus lives. In an interview with the Chinese media outlet Stockstar, one of the firms at the center of the adoption drive said it was targeting […]
Jamaica to drive CBDC adoption with e-commerce marketplace
Source: Ledger Insights Earlier this month, Jamaican Senator Aubyn Hill announced the creation of a “digital marketplace” for e-commerce to enable consumers to pay with the country’s central bank digital currency (CBDC), the JAM-DEX. Digital marketplace aims “We have various payment platforms in the marketplace now such as Lynk and Jam-Dex. However, there are still not […]
