Global

CBDCs: Where Do We Stand in Europe?

Deutsche Bank

“Central bank digital currencies (CBDCs) have gained traction globally. In 2023, 94% of central banks have been engaged in some form of research, experimentation, pilot programme or deployment, a survey by the Bank of International Settlement (BIS) published in June 2024 found.”

Tags: Europe

Reports

Central Bank Digital Currencies: Legal and System Design Considerations

BIS

“A group of seven central banks (Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Board of Governors of the Federal Reserve System, Sveriges Riksbank and the Swiss National Bank) together with the Bank for International Settlements, have been working together to explore selected aspects of central bank […]

Banking Industry Cross-border Payments Data Financial Inclusion Treasury & Cash Management

Episode 251 - Bridging the Communication Gap Between Treasury and Payments with Debopama Sen, Citi Treasury and Trade Solutions

Debopama Sen, Head of Payments at Citi Treasury and Trade Solutions, joins Glenbrook for this episode to explore how treasury and payments professionals can collaborate on opportunities presented by the evolving payments landscape.

Companies

Security, Adaptability and Innovation: 2024 Chicago Payments Symposium

FedPayments Improvement

“This year’s Chicago Payments Symposium focused on three key industry themes – innovation, security and adaptability – based on current and evolving trends in innovation, instant payments, global payments, digital currencies, security and information sharing.”

Tags: Federal Reserve

Companies

Live Trials of Digital Asset Transactions on Swift to Start in 2025

Swift

“Starting in 2025, global financial institutions will have the ability to use Swift’s global platform to conduct pilot transactions for the settlement of digital assets and currencies. These trials will demonstrate how financial institutions can transact interchangeably across both existing and emerging asset and currency types using their current Swift connection.”

Tags: Swift

B2B Payments

Episode 248 - The Ins and Outs of Payouts with Manish Vrishaketu, Tipalti

Manish Vrishaketu, Chief Customer and Operations Officer at Tipalti, joins us for this episode to dive into why payouts have been overlooked for so long, what makes them challenging to master, and what is happening that may make things better and easier for a “niche” specialization in our industry that happens to be incredibly important for every company on the planet.

Industry

FBI Reports 45% Rise in Crypto Fraud, $5.6 Billion Lost, 71% From Investment Scams

Bitcoin News

“The Federal Bureau of Investigation’s Internet Crime Complaint Center has revealed a sharp rise in cryptocurrency fraud complaints, with over 69,000 cases and $5.6 billion in losses. Investment scams accounted for 71% of these losses, highlighting the growing exploitation of digital currencies. The FBI further noted that crypto fraud represents nearly half of total losses.”

Global

TFSF Pulse Enhances Merchant Payments with Crypto-to-Fiat Conversion [Dubai]

EIN Newsdesk

“TFSF Pulse announced its cutting-edge platform designed for the modern merchant that enables businesses to effortlessly accept a variety of cryptocurrency payments, including popular options like Bitcoin (BTC) and stablecoins, while converting these digital currencies into fiat currency for direct deposit into their bank accounts.”

Tags: UAE

Companies

Wirex and Visa Expand Partnership to Drive Web3 Payment Adoption

PR News Wire

Wirex and Visa announced a partnership to further the use of digital currencies in the UK and the European Economic Area.

Tags: Visa Wirex

Global

India Digital Currency Transactions Slump After Reaching Initial Central Bank Target, Sources Say

Reuters

“Usage of India’s digital currency, the e-rupee, has slumped to just a tenth of the peak hit in December, four sources said, reflecting the struggles several countries have experienced in trying to generate public support for digital currencies.”

Tags: India

Global

Ethiopia to Establish CBDC Framework Following New Banking Reforms Approval

CoinGeek

“As part of plans to liberalize the country’s financial landscape, Ethiopia’s Council of Ministers is moving toward introducing new banking reforms, with the incoming rules hinting at a commercial rollout of central bank digital currencies (CBDCs).”

Tags: Ethiopia

Global

Central Bank Digital Currencies Can Boost Middle East's Financial Inclusion, Payment Efficiency

IMF

Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting a central bank digital currency as a way to promote financial inclusion and improve the efficiency of cross-border payments.

Tags: Asia Middle East

Companies

Embracing Diversity, Advancing Together - Results of the 2023 BIS Survey on Central Bank Digital Currencies and Crypto

BIS

“Ninety-four percent of surveyed central banks are exploring a central bank digital currency (CBDC). The survey suggests that central banks are proceeding at their own speed, taking diverse approaches and considering different design features.”

Tags: Bank for International Settlements

Global

Project mBridge Reaches MVP Stage

Hong Kong Monetary Authority

“The Hong Kong Monetary Authority, together with the rest of the mBridge project team, announced that Project mBridge has reached the Minimum Viable Product stage. Project mBridge aims to study how central bank digital currencies (CBDCs) and innovative solutions can be applied to solve the key pain points in cross-border payments.”

Tags: Hong Kong

Companies

Project Rialto: Improving Instant Cross-Border Payments Using Wholesale CBDC Settlement

BIS

“The Bank for International Settlements (BIS) is launching Project Rialto to explore how instant cross-border payments could be improved using a modular foreign exchange (FX) component combined with settlement in wholesale central bank digital currencies (wCBDC).”

Tags: Bank for International Settlements