On the 21st of August, Mastercard launched its CBDC program, to help central banks explore the benefits and limitations of CBDCs.
Will First Republic Bank Collapse be a catalyst for a new digital banking system? Will it be linked to the rise of CBDC and cryptocurrencies.
Group of Seven (G7) advanced economies will consider how best to help developing countries introduce central bank digital currencies (CBDC) consistent with appropriate international standards, Japan’s top currency diplomat Masato Kanda said on Tuesday. The move will be among key themes of G7 discussions that Japan chairs this year, as part of efforts to address […]
Everyone is curious to know what the world will look like in the future. Hold on if you thought of flying cars and robots! There are other fascinating technological developments to consider, like digitalizing paper money. Digital currency is not a newly generated term, as we became familiar with it a long time ago. The […]
A month into India’s pilot project for using an official digital rupee for inter-bank and institutional transactions, stakeholders are seeing no benefits, several bankers said. Seven bankers told Reuters that using the e-rupee of the Reserve Bank of India (RBI) was much the same as internet-based banking that users were already satisfied with. The RBI […]