Payments giant Visa has teamed up with Ethereum scaling firm ConsenSys to help central bank digital currency (CBDC) networks bridge the gap with traditional financial institutions.Customers will eventually be able to use their CBDC-linked Visa card or digital wallet anywhere that Visa is accepted globally, Catherine Gu, Visa’s head of CBDC, said in a blog post Q&A with … [Read more...] about Visa Partners With ConsenSys to Help Bridge CBDCs With Traditional Finance
CBDCs
Binance CEO Warns Against Isolating CBDCs From Broader Crypto Ecosystem
Changpeng “CZ” Zhao, the CEO of cryptocurrency exchange Binance, believes the contribution of central banks digital currencies (CBDCs) will be broadly positive to the crypto world, but warns issuers against isolating them from the broader ecosystem. Source link … [Read more...] about Binance CEO Warns Against Isolating CBDCs From Broader Crypto Ecosystem
From NFTs to CBDCs, crypto must tackle compliance before regulators do
Each year that we get a little further away from Satoshi Nakomoto’s whitepaper, crypto becomes more popular than ever, breaking more barriers — not just in sheer enthusiasm, but in mainstream acceptance. From nonfungible tokens (NFTs) to the Metaverse, 2021 was the year of crypto, even following a decade where just about every other year could make the same claim.Despite that … [Read more...] about From NFTs to CBDCs, crypto must tackle compliance before regulators do
BIS Experiment Finds CBDCs to Be Effective in Cross-Border Settlements
The report suggests that, based on the experiment, an intraday, wholesale CBDC could have a positive impact on financial stability and limited influence on monetary policy. But Sylvie Goulard, deputy governor of the Bank of France, said that the scale of the experiment was too limited to arrive at broader conclusions. Source link … [Read more...] about BIS Experiment Finds CBDCs to Be Effective in Cross-Border Settlements
CBDCs for the People? Where the Current State of Digital Currency Research Leads
While much attention focuses on the retail central bank digital currency (CBDC) ruminations of China, Europe and the United States, smaller jurisdictions are leading the way. For example, Uruguay, the Bahamas, the Eastern Caribbean Central Bank, Nigeria and Jamaica have each launched pilot CBDCs over the past three years.The potential benefits of CBDCs are numerous – from … [Read more...] about CBDCs for the People? Where the Current State of Digital Currency Research Leads