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Tag Archives: CBDC

Patex Blockchain Ecosystem Expands Global Reach, Launches Native Token on Multiple CEX and DEX Platforms

CoinspeakerPatex Blockchain Ecosystem Expands Global Reach, Launches Native Token on Multiple CEX and DEX Platforms Patex has launched its PATEX token on CEXs and DEXs for interested users and traders to enjoy several perks and advantages in the ecosystem. Patex Blockchain Ecosystem Expands Global Reach, Launches Native Token on Multiple CEX and DEX Platforms

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European Central Bank: Digital Euro for Payments Only, Not Investment or Holding 

A digital Euro CBDC will be “designed for making payments, not for investment,” explained Ulrich Bindseil, Jürgen Schaaf, and Executive Board member Piero Cipollone in a blog post on Feb. 19. They added that many banks worry their customers might withdraw deposits to hold digital Euros instead. “These fears are misplaced,” they stated. The ECB is developing a digital Euro CBDC with legal tender status functioning as a digital payment solution for Europe. However, concerns are...

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UAE’s Central Bank Initiates Historic Cross-Border Digital Dirham Transfer to China

On January 29, Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, marked a momentous occasion by conducting the first-ever cross-border payment using the UAE Central Bank’s digital currency, the ‘Digital Dirham.’ The transaction, amounting to Dh50 million, was executed through the innovative ‘mBridge‘ platform, connecting the UAE directly with China. UAE’s Historic Cross-Border Transfer The historic cross-border transfer to China took...

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