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 best time to debut the […]
Daily Crypto News- Central Bank of France Tests Blockchain-Backed CBDC Targeting Debt Market
https://crypto-labs.s3.amazonaws.com/2021/10/News-Oct-29th.mp3Podcast: EmbedCentral Bank of France Tests Blockchain-Backed CBDC Targeting Debt Market As the adoption of digital assets is becoming more mainstream, some countries are awakening to join the flow. This has borne the desire to get a central bank digital currency, CBDC, by some countries. One of such countries is France. For some months, the […]
Nigeria Is The First African Country To Establish a Central Bank Digital Currency
Nigeria has become the first African country to issue a sovereign digital currency known as eNaira. The central bank had previously delayed the launch by a month, but it appears that everything is now in place for the official launch. The Nigerian Central Bank also stated that their priority was to launch a complete product […]
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, cross-border, and wholesale payments. Bhutan […]
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 to the MAS release, four […]