Central Bank Digital Currencies (CBDCs) have been defined as a currency and payment structure that will bank the unbanked members of society and promote financial inclusivity. There are various reasons why a particular segment of society may be unable...
The governor of the French central bank, François Villeroy de Galhau, announced on July 12th that the French central bank, Banque de France, has begun the second phase of testing for a wholesale CBDC, which may be used to...
Despite warning against cryptocurrencies, the International Monetary Fund (IMF) has pointed out that digital assets could be useful replacements for traditional financial instruments. According to a blog post, some cryptocurrencies and central bank digital currencies (CBDCs) may be more...
Tanzanian financial officers are calling for a clear global policy on the use of cryptocurrencies and central bank digital currencies (CBDCs). These officials believe that more debates should be held concerning these assets before a consensus is reached by...
In today's episode on DPP (DeFi Planet Podcast), we explained extensively the meaning of Central Bank Digital Currency (CBDC). Which is a digital form of a country's fiat currency, issued and regulated by a nation's monetary authority or central...
The question of whether or not CBDCs should be introduced continues to be debated around the world, even as a handful of countries are already going ahead with their introduction. In this piece, we examine some of the questions...
Throughout history, financial foundations have grown in accordance with the available technologies. A lot of recent payment innovations are based on improvements to the underlying infrastructures that have been in the works for many years. Retail payment demand is...
A Central Bank Digital Currency (CBDC) is the digital form of a fiat currency. It is released by a government to represent the digital token of their official currency. This type of virtual token is different from cryptocurrencies, as...
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...
