Regulation

Florida Governor Ron DeSantis Introduces State Legislation Banning CBDC

Decrypt

Florida Governor Ron DeSantis proposed legislation on Monday that would ban central bank digital currencies (CBDCs) from the Sunshine State, portraying it as a measure to safeguard Floridians’ financial privacy. The legislation would prohibit in Florida any CBDC that the U.S. Federal Reserve could introduce and any created by a foreign government, outlawing the technology […]

Global

India and UAE to Collaborate on Developing Digital Currencies

Coindesk

“India and the United Arab Emirates will jointly conduct pilot programs on central bank digital currencies, or CBDCs, according to an announcement on Wednesday. The Reserve Bank of India and the Central Bank of the United Arab Emirates signed a memorandum of understanding in Abu Dhabi to explore the interoperability between the CBDCs of the […]

Tags: India UAE

Global

Novatti Launches Multi-Currency Platform for Australian Bill Payments

PR Newswire

“Novatti Group Limited, a leading fintech enabling businesses to pay and be paid, has launched Novatti BillPay, a platform connecting businesses offering BPAY® bills and payees. Novatti BillPay enables businesses with BPAY® bills to accept payments from people overseas who prefer to pay in their currency of choice using digital wallets. Designed for international students, new […]

Tags: Australia

Companies

Banks See "Clear Potential and Value" in Swift's Experimental CBDC Connector After Sandbox Collaboration

EIN News

“Swift announced further progress on its experimental solution for interlinking Central Bank Digital Currencies (CBDCs), reporting that 18 central and commercial banks found “clear potential and value” in the API-based CBDC connector after a comprehensive review. The cooperative published the findings of the 12-week period of collaborative sandbox testing, in which almost 5,000 transactions were simulated […]

Tags: SWIFT

Industry

Project Icebreaker Concludes Experiment for a New Architecture for Cross-Border Retail CBDCs

BIS

“The Bank for International Settlements (BIS) and the central banks of Israel, Norway and Sweden have concluded Project Icebreaker, which studied the potential benefits and challenges of using retail central bank digital currencies (CBDC) in international payments.  A collaboration between the BIS Innovation Hub Nordic Centre, Bank of Israel, Norges Bank, and Sveriges Riksbank, the […]

Global Payments

Episode 190 - Fanning the Flames: A Year in Travel - French Polynesia

With many of us still experiencing cold and rainy winter weather, let’s look to warmer climates as Glenbrook’s Chris Uriarte walks us through his payments journey in French Polynesia.

If you’ve attended a Payments Boot Camp, you’ve heard us say that payment systems are domestic by nature. The experience Chris has in the islands of French Polynesia really brings that point home. Listen in to hear his observations and key takeaways on local payment methods.

Industry

How Will Central Bank Digital Currency Impact ATMs?

www.atmmarketplace.com

Cryptocurrency has been a hot topic for several years now, especially as governments examine it closely and utilize it. Recently, there has been widespread interest with central banks making their own digital currencies. China in particular has announced its digital yuan, but other countries ranging from the U.K. to the U.S. have also invested into […]

Digital Currency Global Payments Mobile Wallets

Episode 189 - Fanning the Flames: A Year in Travel - Singapore

The next destination on our journey around the world is Singapore! Glenbrook’s Chris Uriarte and Bethany May come on the show to share their stories using local and regional payment methods. Listen in to hear their experiences using GrabPay, QR codes, and even digital currency to pay a friend back for dinner.

While at the Singapore FinTech Festival, Bethany also had the opportunity to participate in a Central Bank Digital Currency pilot put on by the Monetary Authority of Singapore. She provides her insights on the “purpose bound money” trial and overall observations on the research and experimentation being done on CBDCs in Singapore.

Systems

Universal Digital Payments Network (UDPN) is Launched to Support Seamless Digital Payments Across Multiple Central Bank Digital Currencies and Regulated Stablecoins

PR Newswire

Launched at Davos during the World Economic Forum week, the Universal Digital Payments Network (UDPN) is a DLT-underpinned messaging backbone focused on providing interoperability between the fast-growing number of different regulated stablecoins and CBDCs, and seamless connectivity between any business IT system and regulated digital currencies. At the Davos launch event, representatives from leading global financial institutions Deutsche Bank, […]

Tags: Central bank digital currencies (CBDC)

Domain

Project Icebreaker Uses Retail CBDC for Instant P2P Cross Border Payments

Ledger Insights

There’s been considerable work on the concept of using wholesale (interbank) central bank digital currencies (CBDC) to address the frictions of cross border payments. So far, only one project has taken the alternative route of interlinking multiple retail domestic CBDCs to enable consumers or businesses to make direct person-to-person international payments. To do just that, the […]

Tags: Central bank digital currencies (CBDC)

Universal Digital Payments Network for Stablecoins, CBDCs Launches at Davos

Forkast

The Universal Digital Payments Network (UDPN) was launched today at the World Economic Forum to provide interoperability between regulated stablecoins and central bank digital currencies (CBDCs). UDPN is an “advanced digital currency payments project” that “has the potential to drive down the cost of digital payments and accelerate adoption by banks and businesses of all […]

Tags: Central bank digital currencies (CBDC)

Davos Day 3 Shows Conflicting Visions for the Metaverse, CBDCs

Coindesk

Conversations about blockchain on day three of Davos show architects of the metaverse are still trying to figure out what exactly it is – and regulators hinting central bank digital currencies (CBDC) could potentially do more harm than good to the global economy. Despite the hype around the metaverse, propelled by Facebook’s transformation into Meta […]

Tags: Metaverse

The Digital Dollar Project Publishes Updated White Paper Furthering Exploration Of A U.S. CBDC

Digital Dollar Project

The Digital Dollar Project (DDP) today announced the release of an updated version of its white paper “Exploring a U.S. CBDC,” offering a global perspective on the rapidly accelerating developments in central bank digital currencies (CBDCs).

Tags: Central bank digital currencies (CBDC)

Companies

Digital Gift Card and Payment Provider Tango Card Launches Dramatically Expanded Global Catalog and Capabilities

EIN News

Tango Card, a global leader in rewards, incentives, and payment fulfillment has dramatically increased the number of countries and currencies able to benefit from the global reach of its streamlined and secure digital gift card delivery system. During the last two years, Tango Card has been building the systems and processes enabling it to be […]

Tags: Tango Card

Companies

Money and Payments: The U.S. Dollar in the Age of Digital Transformation

Federal Reserve

The Federal Reserve, as the nation’s central bank, works to maintain the public’s confidence by fostering monetary stability, financial stability, and a safe and efficient payment system. This paper is the first step in a public discussion between the Federal Reserve and stakeholders about central bank digital currencies (CBDCs). For the purpose of this paper, […]

Tags: Federal Reserve