NFT SUMMER

Tag: CBDC

FM Sitharaman Announces Establishment of India’s First Digital Currency

Today, Nirmala Sitharaman, Union Finance Minister, announced India’s first digital currency would be available shortly for Indian investors. Around her fourth Budget, Sitharaman stated that the Reserve Bank of India (RBI) will launch digital currency in 2022-23. She also said that it would have a significant impact on the economy.

Peru’s Central Bank To Develop a Digital Currency

Like other economies across the world, the Peruvian central bank, Peru’s Central Bank, seeks to build a central bank digital currency (CBDC). Julio Velarde, the company’s president, announced that the currency would be largely used for payments. Due to the current market instability, Velarde agreed that now was not the

Bhutan Partnered With Ripple to Pilot Test The Model Of Their CBDC

The Royal Monetary Authority (RMA); Bhutan’s central bank; has teamed with Ripple to begin testing a model of its CBDC (central bank digital currency ) using Ripple’s technology. To cover comparable use scenarios, the test will employ Ripple’s proprietary CBDC private ledger. The proposed CBDC’s pilot test will comprise retail,

Singapore Central Bank Selects 15 Retail CBDC Companies

The Singapore Monetary Authority (MAS) has ultimately chosen 15 companies to assist in the development of retail CBDC. These companies will take part in the Global CBDC challenge and contribute to the development of an in-house retail central bank digital currency. Singapore Central Bank Select 15 retail CBDC Companies According

Is XRP about to boom? XRP Price Prediction (July 2nd 2022)

XRP fell by 21.15 percent in June. XRP fell by 28.04 percent in May and finished the month at $0.3321. From a high of $0.4260 on June 1 to a low of $0.2868 on June 18, XRP experienced a bearish start to the month. The prolonged sell-off brought XRP close

Dogecoin to hit $1.5 Soon | Dogecoin Price Prediction (1 July 2022)

By July 1, 2022, the value of dogecoin is anticipated to increase by 10.79 percent and reach $ 0.075352 based on our most recent price projection. Our technical indicators indicate that the current mood is bearish, and the fear & greed index is currently at 14. (extreme fear). Several websites

ADA Price Prediction 30th June 2022 | Will Vasil Hardfork make it soar?

Even if the ADA/USDT pair is down for the fourth straight session amid a persistent market downturn, the price forecasts for ADA remain gloomy. However, the price movement is very close to recent support, which was around 0.4295 on June 18. The price picture may create some concern for the

Will SOL Price Reach $400 in 2022? – Solana Price Prediction 30th June 2022

One of the digital assets that rocked the crypto market was Solana (SOL), which, according to CoinMarketCap, surpassed the ATH price of $260.06. Particularly, this cryptocurrency has been observed to move quickly since the beginning of the year. The Relative Strength Index (RSI) calculates oversold or overbought assets by measuring

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