April 18th, 2025
CBDC News - Page 8
China’s Digital Yuan Wallet Enables Visa and Mastercard ‘Pre-Charge’ for Tourists
By Mercy Tukiya Mutanya
September 26th, 2023
Tourists have the option of re-loading their e-CNY wallets with physical cash at local banks and reverting any balance left over to their original bank card or account.
CBDC Project mBridge Planning to Bring New Members with MVP Launch
By Bhushan Akolkar
September 26th, 2023
mBridge stands out as the sole international CBDC project in which China has participated. Currently, all participating central banks have CBDCs in the pilot project phase.
Vitalik Buterin Speaks of Future Built on Ethereum
By Godfrey Benjamin
September 14th, 2023
Buterin is looking forward to a future where developers can leverage an independent open tech stack.
SWIFT Expands CBDC Interoperability Testing with Three Central Banks
By Chimamanda U. Martha
September 14th, 2023
SWIFT has been actively involved in various CBDC-related projects, including a wholesale CBDC initiative in collaboration with the New York Federal Reserve Bank, utilizing a regulated liability network.
Visa Adds Solana for Cross-Border Payments with ‘Multiple Blockchains’ and CBDCs to Follow
By Mercy Tukiya Mutanya
September 7th, 2023
Sheffield said that Visa sees great potential for blockchain technology, especially in global and cross-border payments.
Digital Euro to End Monopoly of Financial Sector by Private Payment Services, ECB Says
By Mayowa Adebajo
September 5th, 2023
The digital euro is expected to consider orderly adjustments in the financial sector while also offering payment service providers a platform for innovations.
PBoC: Platforms Should Have Retail Payment Option for Digital Yuan CBDC
By Bhushan Akolkar
September 4th, 2023
The director of Digital Currency Research Institute of the People’s Bank of China said that online platforms have the responsibility to adhere to the regulatory requirements.
IBM Consulting Provides Guidance for Implementing Digital Euro CBDC
By Bhushan Akolkar
September 1st, 2023
IBM said that simplicity will play a crucial role in the initial adoption of Digital Euro, emphasizing that familiarity strengthens this process.
Swift Announces Successful Transfer of Tokenized Value Across Multiple Blockchains
By Chimamanda U. Martha
August 31st, 2023
The experiment was built on Swift’s earlier successes in connecting Central Bank Digital Currencies (CBDCs) and digital assets with existing and emerging payment systems.
Australia’s Central Bank Wraps Up CBDC Pilot with Plans to Delay Decision
By Chimamanda U. Martha
August 23rd, 2023
As Australia deliberates the potential implementation of CBDC, the central bank’s report emphasizes that while introducing a digital dollar could enhance efficiency and resilience in certain segments of the country’s payment ecosystem.
Mastercard Joins Hands with Ripple on Its CBDC Partner Program
By Bhushan Akolkar
August 18th, 2023
As part of its CBDC Partner Program, Mastercard has joined hands with prominent CBDC leaders and payment giants to work along with the central banks to bring CBDCs to the market under a regulatory framework.
Zimbabwe to Launch Gold-backed Digital Tokens for Retail Transactions
By Babafemi Adebajo
August 15th, 2023
The RBZ Governor revealed the bank’s plan to launch a national awareness campaign to drive the adoption of the asset.
Bank of England Calls for CBDC Advisors as Digital Pound Moves to Design Phase
By Mercy Tukiya Mutanya
August 10th, 2023
The English government and the Bank of England believe that a need for a CBDC is likely to arise in the future.
Ripple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity
By Steve Muchoki
August 8th, 2023
The XRP market is heavily bolstered by the adoption of Ripple payment products including On-Demand Liquidity (ODL) and RipppeNet.
Brazil Gives Name and Logo to Its Central Bank Digital Currency (CBDC) – DREX
By Bhushan Akolkar
August 8th, 2023
The DREX CBDC will utilize distributed ledger technology (DLT) for settling wholesale interbank transactions, and retail access will rely on tokenized bank deposits.