April 18th, 2025
CBDC News - Page 27
Ripple on Hunt for CBDC Expert to Drive Collaboration with Central Banks
By Godfrey Benjamin
November 23rd, 2020
Ripple does not want just anyone with blockchain experience to apply, due to the nature of the task the CBDC expert will lead, the first requirement listed includes more than 10 years of experience in enterprise technology sales or account management.
Goldman Sachs Projects China’s DCEP to Hit 1B Users by 2029
By Godfrey Benjamin
November 20th, 2020
The pandemic presented the need for an alternative, convenient, and safe payment system that will limit the use of cash which can further help spread the virus. And CBDCs can be a solution.
Firms in Japan Consider Launching Common Private Digital Currency
By John K. Kumi
November 19th, 2020
The testing phase will see private banks in Japan fully in charge of issuing private digital currency.
Billionaire Investor Ray Dalio Bets on CBDCs and Gold, Criticizes Bitcoin
By Bhushan Akolkar
November 12th, 2020
Dalio says that Bitcoin’s volatile nature leaves it with fewer use cases as a medium of exchange. He added that he would prefer Gold over Bitcoin.
Nouriel Roubini: CBDCs Will Usher in ‘Big Revolution’ in Next Three Years
By Godfrey Benjamin
November 9th, 2020
Nouriel Roubini said due to the lapses of existing digital currencies bordering on scalability and security most importantly, they cannot be the future of digital payments, but CBDCs will.
UnionPay to Debut Crypto Payment Cards in Partnership with Danal
By Godfrey Benjamin
November 4th, 2020
The proposed launch of the crypto payment card by UnionPay and Danal is daring amidst recent clampdowns of cryptocurrency-based activities by the Chinese government.
China’s Digital Yuan Is ‘Long Way’ from Dethroning USD
By James Lovett
November 4th, 2020
China’s central bank digital currency (CBDC) does not have the capacity to displace the United States dollar as the reserve currency.
PayPal Increases Crypto Buying Limit from $10,000 to $15,000
By Ibukun Ogundare
November 3rd, 2020
PayPal said the service would initially support four digital assets: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH).
Mastercard Awaits CBDC Future, Says Crypto Patents Will Pay Off
By Bhushan Akolkar
November 3rd, 2020
Payments giant Mastercard is betting big on a CBDC future and says that all its patents in the cryptocurrency space put the company in a leading position to embrace the next wave of technology.
European Central Bank Seeks Public Opinion on Digital Euro
By Wanguba Muriuki
November 2nd, 2020
The initiative by the ECB to seek public participation means that the digital euro if developed, will not be used only by banks.
China’s DCEP Processed about 4M Transactions Thus Far Totaling 2 Billion Yuan
By Godfrey Benjamin
November 2nd, 2020
The DCEP pilot test has been largely successful while making specific assertions with respect to the ongoing trials.
Reserve Bank of Australia Partners with Commonwealth Bank on CBDC
By Ibukun Ogundare
November 2nd, 2020
The research group in Australia will jointly explore the possible use and implications of CBDC in wholesale form, using distributed ledger technology (DLT).
Huawei Unveils Mate 40 Smartphone Series with Inbuilt DCEP Wallet that Supports Digital Yuan
By Godfrey Benjamin
October 30th, 2020
Huawei has pioneered the integration of DCEP hardware wallets in its new Mate 40 5G-powered smartphone series.
Digital Yuan to be Compatible with Alipay and WeChat
By John K. Kumi
October 26th, 2020
Currently, 10 million yuan in digital currency worth $1.5 million has been issued to about 50,000 randomly selected residents out of a total of 1.9 million people who applied.
CZ Says: Central Bank Digital Currency ‘Threatens’ Bitcoin
By James Lovett
October 22nd, 2020
Binance’s enigmatic chief executive Changpeng Zhao (CZ) says that Central Bank digital currency is a threat to Bitcoin.