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Home / Tag Archives: Central Bank Digital Currency

Tag Archives: Central Bank Digital Currency

CBDC: Wird Ripple die Währung der Zentralbanken?

Ripple ist bemüht, mit XRP bei den Zahlungsdienstleistern und Banken mit der Währung CBDC Gleichartigkeit zu finden. Doch bislang war das Interesse nach diesen neuen Zahlungsmöglichkeiten dieses Startups eher gering. Was ist CBDC? CBDC ist eine Abkürzung für Central Bank Digital Currency. Dies ist eine von der Europäischen Zentralbank kontrollierte Fiat-Währung, die digital ist. Die CBDCs sind hierbei...

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China’s Digital Currency Finally Begins to Take Shape, More Details Released

China’s CBDC – digital Renminbi – will be fully centralized, going by a report published by Huatai Securities, a financial services company.Though a date is yet to be announced as to when the digital currency will be officially launched, the recent revelations made about it points towards a release that could be sooner rather than later.How the China’s CBDC is Expected To WorkThe major stakeholder in the currency is China’s Central Bank and under its supervision, the digital Renminbi will be...

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Central Bank of Bahamas Launches Digital Currency Today

The Commonwealth of the Bahamas is the newest country to adopt its own digital currency. Starting today, residents of the Exuma district will have access to a pilot run of the country’s central bank digital currency (CBDC).According to an official press release published on Tuesday, December 24, the pilot run is called the “Project Sand Dollar” as the CBDC is called the “Sand Dollar”. The announcement also states that the Bahamas digital currency furthers the Bahamian Payments System...

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Tencent Sets Eyes on Digital Currency Research Group

Tencent, the Chinese technology giant that operates the social media app WeChat, has announced that it is planning to develop a digital currency research group. This research group will have the responsibility of further advancing various blockchain technology research projects. According to fresh reports by iFeng, the company had released an official statement to its employees telling them that it is seeking someone to head the proposed research group.The yet-to-be-established digital...

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China Not Facebook Is Likely to Be the First to Launch Digital Currency and Roll Out DCEP

While Facebook continues its arduous battle with U.S. authorities regarding the launch of its Libra digital currency, China seems to be making a lot more progress not just with the development of its own Central Bank Digital Currency (CBDC), but also with the acceptance of the technology in the country, especially after the President’s statement. Now, an ex-government official has said that China’s CBDC will definitely be the first in the world, to issue a properly applicable...

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China Kills Rumor of Hasty Central Bank Digital Currency Launch

The People’s Bank of China (PBOC) has no timetable on when it will launch its digital currency. This is according to the bank’s governor, Yi Gang, who revealed that the bank was taking its time to research, test, evaluate, and prevent related-risks before releasing the digital currency to the public. First reported by The Global Times, an English daily under the state-run People's Daily, the statement effectively stamps out rumors of China hastening the launch of its digital currency ahead...

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Ordinary Cubans Embrace Cryptocurrency to Bypass Crippling Sanctions

Faced with crippling economic sanctions, Cubans are adopting cryptocurrencies in greater numbers. | Image: AP Photo/Ismael Francisco Ordinary Cubans are increasingly embracing cryptocurrency as a means to circumvent economic sanctions. Jason Sanchez, a 35-year-old Havan-local, recently told Reuters that he uses cryptocurrencies to purchase hardware for his cellphone...

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