Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases
Source: Coindesk The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway. The projects will look at use cases ranging from offline payments to bond settlement to securities trading, among others, the Australian central bank announced on Thursday morning […]
Wholesale CBDCs: Fostering Interoperability and Standardisation in Global Financial Markets
In March 2023, the Digital Pound Foundation (DPF) and Association for Financial Markets in Europe (AFME) hosted our first joint roundtable, with representatives from both organisations alongside industry specialists and external observers. This article highlgihts some of the discussions we had. “As we cross the threshold from proof of concept to real traction, this joint […]
The Making of a Digital Pound: Exploring the Creation of a UK CBDC | Poundcast Episode 7
In episode 7, our host Jannah Patchay, Policy Lead at the Digital Pound Foundation is in conversation with Varun Paul, Central Bank Digital Currency and Market Infrastructure Director of Fireblocks. They discuss private sector objections to retail Central Bank Digital Currency – how does the recent Bank of England and HM Treasury consultation address these […]
Innovation in Central Bank Digital Currencies
Source: Ripple According to recent research from the Atlantic Council Tracker, the majority of the world’s Central Banks are seriously considering Central Bank Digital Currencies, with many projects already underway. While the facts indicate that planning for and testing of digital forms of national currency are underway, actual implementation often lags behind due to lack of experience, […]
eNaira USSD Channel Targets Feature Phone Users
Source: Voice of Nigeria Nigeria’s Central Bank digital currency (CBDC) has been extended to feature phone users with the unveiling of the eNaira USSD channel. The channel would enable subscribers to cash in and out of the eNaira platform using USSD, an innovation the promoter of the scheme said would increase its speed of adoption. […]
IMF offers Jordan’s central bank recommendations for implementing retail CBDC
Source: Cointelegraph The Central Bank of Jordan is closer to its next step toward a retail central bank digital currency (rCBDC) with the completion of an International Monetary Fund technical report on the country’s markets. The IMF conducted a three-month mission last year to assist the bank with preparations for a CBDC feasibility report. The […]
CBDC in the Nordics: What is the status in Sweden, Denmark, Norway, Finland and Iceland?
Source: Finextra Ahead of NextGen Nordics, which will return to Stockholm on 25 April 2023, Finextra will be publishing a series of ‘sneak peeks’, covering the topics and interviewing the panellists speaking at the event. Central bank digital currency (CBDC) is an exciting area of development from many central banks across the world, particularly in the […]
Why Does an Economist Care About CBDCs? | Poundcast Episode 6
In episode 6, our host Jannah Patchay, Policy Lead and one of the originating members of the Digital Pound Foundation, speaks to James Pomeroy, Global Economist at HSBC. In a time where many regions around the world are increasingly moving away from cash, Central Bank Digital Currencies can offer people similar levels of privacy and […]
Nigeria’s Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp: Bloomberg
Source: Coindesk The Central Bank of Nigeria (CBN) is looking to develop a new system for its digital currency, the eNaira, and is in early-stage talks with New York-based blockchain firm R3, Bloomberg reported on Tuesday, citing people familiar with the matter. The CBN wants to “develop its own software for the digital currency so that it […]
Bank of Russia to Pilot CBDC in April
Source: Coindesk The Bank of Russia’s central bank digital currency (CBDC), the digital ruble, is ready for its pilot phase, said the bank’s deputy governor, Olga Skorobogatova, on Friday. The project will be launched for peer-to-peer transfers between individuals and for retail purchases, Skorobogatova told journalists during a fintech conference in Russia. “The pilot will […]
