May 2nd, 2025
CBDC News - Page 19
US Fed Vice Chair Appears Before Legislative Financial Committee, Speaks on CBDC
By Tolu Ajiboye
May 27th, 2022
The US central bank’s vice chair suggested that a CBDC is necessary for financial evolution, but might take a while to materialize.
Mastercard CEO: SWIFT Payment System May Not Exist in 5 Years
By Godfrey Benjamin
May 25th, 2022
Discussions on the future of payments are one of the most important debate topics today, considering the growing influence of digital currencies in the grand scheme of things.
IMF Favours Launch of More CBDCs in Coming Years, Says Bitcoin Is Not Money
By Bhushan Akolkar
May 24th, 2022
IMF executives see CBDCs setting up a strong system of global financial payments in the next three-to-five years. IMF chief recommends not shunning the entire crypto space because of Terra’s collapse.
PayPal to Explore All Things Available in Crypto and Blockchain
By Godfrey Benjamin
May 23rd, 2022
The growing popularity of cryptocurrencies has continued to attract a lot of prominent fintech firms with PayPal coming off as one of the many.
Swift Teams Up with Capgemini to Test Its Ability to Be Used for CBDC Transfers
By John K. Kumi
May 20th, 2022
Last year, Swift collaborated with American professional services company Accenture to establish a cross-border transaction between CBBC and “an established real-time gross settlement (RTGS) system.”
Norway’s Central Bank Goes for Ethereum Layer 2 for Its CBDC Experimental Test
By John K. Kumi
May 19th, 2022
Oysten Olsen, former governor of Norges Bank, in 2021, stated that he considers Bitcoin too expensive, resource-intensive, and does not preserve stability.
Eurozone Could Be Using Central Bank-Issued Digital Euro by 2026
By Oluwapelumi Adejumo
May 17th, 2022
The ECB would be stepping up its engagement with stakeholders for the progress of the project. Young people are expected to play a key role in the adoption of the digital euro.
Central Bank of Chile Governor Says CBDC Needs to Work Offline
By Ibukun Ogundare
May 10th, 2022
The governor of the central bank of Chile noted that the CBDC would have to co-exist with cash rather than replace it.
More Chinese Cities Adopt Digital Yuan for Public Utility
By Babafemi Adebajo
May 10th, 2022
To encourage adoption, payments for subway rides from the digital yuan wallet will attract a 10% discount until June 5.
81 Central Banks Embrace CBDC Projects
By Oluwapelumi Adejumo
May 6th, 2022
The BIS report also addressed wholesale issuing of CBDCs, noting that this segment was influenced by factors pertaining to efficiency in cross-border payments.
130,000 Shenzhen Residents to Receive 15M Digital Yuan in New Giveaway
By Ibukun Ogundare
April 29th, 2022
Receivers of the digital yuan giveaway in Shenzhen will be able to spend the red packets across about 5,000 stores within the district.
Philippines Central Bank to Pilot Wholesale CBDC Project
By Babafemi Adebajo
April 28th, 2022
The project will provide a chance for the entire finance industry to comprehend the prospects and risks associated with wholesale CBDCs.
Banco de Mexico Looking to Launch Its CBDC by 2025
By Godfrey Benjamin
April 25th, 2022
The proposed CBDC will not replace the Mexican Peso, rather, it will serve as a complement to the existing fiat money.
Russia’s Central Bank to Run Real-World Pilot of Digital Ruble in 2023
By Oluwapelumi Adejumo
April 22nd, 2022
Russia has been banned from accessing the global financial system since the time when it invaded Ukraine.
Mexico to Consider CBDC Legislation as Senator Promises Bitcoin Adoption
By Ibukun Ogundare
April 14th, 2022
The bill’s objectives are per those of countries like Honduras that have displayed more acceptance of CBDC than Bitcoin.