The hard truth is that the rise of Central Bank Digital Currencies (CBDCs) will change how we see, control, and use cryptocurrencies. Though both concepts usher us into that future where digital money is a reality, they do so...
A Central Bank Digital Currency (CBDC) is the digital version of a fiat currency that is created by the government with the aim of enabling a digital version of cash and improving digital transactions in an economy. As a...
The Reserve Bank of Australia (RBA) recently published a report on the research on its wholesale Central Bank Digital Currencies (CBDC) project. The report stated the benefits that the project which is based on Distributed Ledger (DLT) technology will...
On December 7, 2021, the Eastern Caribbean Central Bank (ECCB) started the operation of its digital payments system in two additional regions, the British overseas territory of Montserrat and the Commonwealth of Dominica. In March 2021, the ECCB in...
Japan is currently researching the appropriate way to float its CBDC, like many other countries. A Bank of Japan executive, Shinichi Uchida, has stated that the central bank won't sacrifice simplicity in the development and usage of digital currency. ...
Several countries are currently researching ways to launch their CBDCs. Laos is one of the latest countries to join the trend of those creating their CBDC, and to do this, they have partnered with Soramitsu, Japanese distributed ledger technology....
The website of Nigeria’s Central Bank Digital Currency has gone live with a local media outlet, THISDAY, reporting that the website has recorded over one million views in the last 24 hours. The number of visits, according to analysts,...
Different countries are actively working on creating their CBDC through their central banks. Most governments are still at the experimental and theoretical phase of CBDC. For instance, the Nigerian Central Bank is working with a Barbados blockchain technology firm,...
