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CBDCs
Ghana to Test CBDC With German Banknote Printer Giesecke+Devrient
The digital cedi will be tested with banks, payment service providers, merchants, consumers and other stakeholders.
Jamaica’s Central Bank Mints Country’s First Batch of CBDCs
The pilot program was originally supposed to launch in May, but was delayed for unspecified reasons.
JPMorgan: CBDCs Must Not Cannibalize Commercial Financial Systems
This risk lies in banking customers moving the funds from checking accounts to a CBDC account, eroding commercial banks' funding base.
CBDCs Can Stop Aid Falling Into Terrorist Hands
Central bank digital currencies, like the digital shekel, can be programmed to stop money reaching the wrong people, says Orbs' co-founder.
Fed's Brainard Says US Can't Not Have a CBDC in a World in Which Others Have Them
Brainard said without a digital dollar the proliferation of stablecoins could fragment the payment system.
Brazilian Central Bank Projects 'Significant Migration' to Digital Payments
According to director João Manoel Pinho de Mello, central bank digital currencies can expand financial inclusion and reduce the cost and time of cross-border transactions.
Atlantic Council: 81+ Countries Exploring CBDCs, US ‘Furthest Behind’
The Atlantic Council has launched a central bank digital currency (CBDC) tracker, database, and interactive toolkit. The number of countries exploring CBDCs has more than doubled to 81 over the past year. The American think tank cautions the U.S. is “furthest behind” on CBDC development.
Ireland's Central Bank Governor Says Digital Euro Is 'Very Likely'
Introducing a digital euro would represent a "fundamental shift" in the eurozone's financial architecture, Governor Gabriel Makhlouf noted.
Bank of America: CBDCs 'More Effective' Than Cash
In a new research paper, Bank of America, the U.S.' second-largest bank by total assets, called central bank digital currencies (CBDCs) “a much more effective payment system than cash,” and could “replace cash completely in the (distant) future.” "The Hash" hosts weigh in.
Bank of America Calls CBDCs ‘More Effective' Than Cash in Research Note
The second largest U.S. bank said that the rise of CBDCs was "inevitable."
