The Central Reserve Bank of Peru (BCRP) is developing a central bank digital currency (CBDC), BCRP President Julio Velarde said Tuesday.“We have been working on a digital currency,” Velarde said at an online business forum in Peru. “We are involved in a lot of projects with several central banks.”The initiative follows a range of similar efforts throughout Latin America and … [Read more...] about Peru Central Bank Developing a CBDC
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Colombian exporter developing cryptocurrency to help transport long-horned beetles to Japan
As reported by Reuters Thursday morning, Tierra Viva ("Alive Earth"), a Colombian exporter of long-horned beetles based in Tunja, has been developing its own cryptocurrency to avoid high commission costs on international sales. According to the outlet, the Hercules, Neptunus, and elephant beetle species exported by Tierra Viva have a retail price of $300 a pair in Tokyo. The … [Read more...] about Colombian exporter developing cryptocurrency to help transport long-horned beetles to Japan
Binance funds a $116 millon initiative aimed at developing a cryptocurrency ecosystem in France
Cryptocurrency exchange Binance has partnered up with France Fintech, a non-profit organization to accelerate the adoption of cryptocurrency in France. The $116 million initiative launched by Binance will assist in promoting crypto development in the region. The initiative was first disclosed by Binance’s CEO Changpeng ZhaoBinance’s new “objective moon” initiativeThe new … [Read more...] about Binance funds a $116 millon initiative aimed at developing a cryptocurrency ecosystem in France
Monster-battle NFT game Axie Infinity soars in popularity among developing nations
It's no secret that video-game streaming platforms, such as Twitch, have made it possible for players to earn money by broadcasting their gaming experience to an audience of gaming enthusiasts. But now, the tokenomics of blockchain-powered digital games like Axie Infinity have made it possible for users to make money by simply playing the game. At the time of publication, Axie … [Read more...] about Monster-battle NFT game Axie Infinity soars in popularity among developing nations
BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
The report’s authors question whether stablecoins could “offer lasting competitive advantages over rapidly developing, evolving digital payment services,” including digital ID, e-money and mobile banking. They add that stablecoins could generate new risks related to such issues as governance, efficiency in payment processes, consumer protection and data privacy. Source link … [Read more...] about BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries