May 1st, 2025
CBDC News - Page 11
Bank of Japan (BoJ) Releases Results from Proof of Concept Phase 2 and Launches Digital Yen Pilot Program
By Steve Muchoki
May 30th, 2023
The Bank of Japan (BoJ) has noted that it will work closely with the private business community in the CBDC pilot program.
Bank of Brazil Includes 14 Participants in Its CBDC Pilot
By staff writer
May 26th, 2023
The Brazil Central Bank Digital Currency will initially focus on wholesale interbank transaction payment solutions.
Florida Governor Offers Support for Crypto, Vows to Protect Bitcoin if Elected as President
By staff writer
May 25th, 2023
The Florida governor highlighted Congress’s deliberate acts of never addressing cryptocurrencies, describing them as a bureaucracy that just loves to impose its will.
Ripple Joins Dispersion Capital’s $40M Decentralized Infrastructure Fund
By Godfrey Benjamin
May 24th, 2023
The focus of the Dispersion Capital fund is to promote decentralization which is at the core of Web 3.0.
Ripple Labs Debuts CBDC Platform for Central Banks
By Godfrey Benjamin
May 18th, 2023
The CBDC Private Ledger, according to Ripple, will handle tens of thousands of transactions per second.
Governor Ron DeSantis Bans Digital Dollar in Florida, Other States Prepare to Emulate Decision
By Mayowa Adebajo
May 18th, 2023
The decision of Governor DeSantis to ban CBDCs in Florida has drawn criticism from some legal experts.
Samsung to Work with Bank of Korea for Offline CBDC Payment Using NFC
By Bhushan Akolkar
May 15th, 2023
Samsung and BOK will continue to explore new ways of developing a CBDC ecosystem and leverage the NFC technology to power offline CBDC payments.
Here’s How Visa’s Blockchain Innovations Are Empowering Small Businesses
By Bhushan Akolkar
May 9th, 2023
Visa is working with its partners to launch programmable CBDCs thereby optimizing capital flows to SMEs.
Bank of Canada Seeks Public Opinion on Digital Canadian Dollar
By Mayowa Adebajo
May 9th, 2023
Despite BoC’s efforts to keep abreast of global trends, it is no rush to develop its central bank digital currency CBDC.
Visa Announces Ambitious Crypto Product Roadmap Tapping on Ethereum Network
By Steve Muchoki
April 25th, 2023
Visa is likely to tap the Polygon network to scale its Ethereum smart contract capabilities in Web 3.0 development.
Chinese City Changshu to Begin Paying Public Servants with Digital Yuan
By Mayowa Adebajo
April 24th, 2023
China remains at the forefront of CBDC adoption on a global scale.
European Parliament Report Urges Continued Research but Not Launch of Digital Euro
By Mercy Tukiya Mutanya
April 20th, 2023
The ECB is set to decide in October whether to continue its CBDC research with a “realization phase.”
Bank of England and BIS Completes Project Meridian for DLT Settlement Program
By Steve Muchoki
April 19th, 2023
The researchers at Project Meridian identified several benefits of synchronization including reduction of risk, time, and cost invoked in settling a range of transactions.
Hong Kong Banks to Decide on CBDC Outlook
By Mayowa Adebajo
April 18th, 2023
The central bank of Hong Kong has charged other banks to come up with what they think the CBDC should look like.
Billionaire Warren Buffett: Bitcoin Is Gambling Token without Any Intrinsic Value
By Steve Muchoki
April 13th, 2023
Nevertheless, Buffett thinks Bitcoin will continue going mainstream due to the human desire for quick profits.