This episode is sponsored by NYDIG.Download this episodeA reading of a recent speech by Benoit Cœuré, the head of the BIS Innovation Hub, on “Central bank digital currency: the future starts today.”See also: Are Central Bankers Ready for Payments Theater?“The Breakdown” is written, produced by and features NLW, with editing this episode by Michele Musso and additional … [Read more...] about The Timeline for Central Bank Digital Currencies Is Accelerating
Currencies
It’s time for the philanthropic sector to embrace digital currencies
The amount of cryptocurrencies on the market has skyrocketed from 500 in 2014 to nearly 7,000 only seven years later in October 2021. A reported 14% of people in the United States — which roughly equals 21.2 million people — have purchased some form of cryptocurrency, with more than 300 million crypto owners estimated worldwide. It’s clear: Cryptocurrency is here to stay, and … [Read more...] about It’s time for the philanthropic sector to embrace digital currencies
US Federal Reserve says digital currencies can ‘coexist’ with cash
Jerome Powell, head of the US Federal Reserve, said state-backed digital currencies and official Central Bank Digital Currencies (CBDCs) can function alongside fiat money in the coming years, as per a report on business outlet Bloomberg on Thursday.A crisisPowell made the comments in a prerecorded video to a payments conference in Basel, Switzerland, amidst a bigger … [Read more...] about US Federal Reserve says digital currencies can ‘coexist’ with cash