cbdc

Namibia

Namibia wants to launch its CBDC

TL; DR Breakdown Namibia wants to create its CBDC The country wants to challenge crypto with the CBDC BON Governor breaks down CBDC plans The central bank digital currencies era is now upon us, with many countries looking in that direction. This is because most countries know and see the value that a DLT based…

Jamaica

Bank of Jamaica completes CBDC pilot

TL;DR Breakdown Jamaica is ready to welcome its CBDC soon. The Bank of Jamaica has tested its CBDC through the National Commercial bank. Bank of Jamaica (BOJ) has completed the Central Bank Digital Currency (CBDC) pilot. At the beginning of last year, BOJ said that it was testing a prototype central bank digital currency. Central…

PwC report

PwC report: 80% of central banks are researching CBDC

TL; DR Breakdown PwC report says more than 80% of countries are researching CBDC The report discussed the maturity of the digital currencies Analyst gives an opinion on CBDCs and stablecoins CBDCs are becoming the new financial instrument making waves worldwide as countries continue to join the bandwagon. This is because the countries see it…

HSBC

HSBC and IBM create successful multi-ledger CBDC demo

TL;DR Breakdown Banking giants HSBC and IBM made a breakthrough in delivering a multi-ledger CBDC. The move was above board as it was under the supervision of the Bank of France. HSBC and IBM announced a breakthrough in creating a multi-ledger central bank digital currencies (CBDC) demo. The breakthrough came after a victorious trial of…

ECB executive

ECB executive propose acceptance of CBDC in physical stores

TL; DR Breakdown ECB executive suggests the availability of CBDC at offline stores The executive pinpoints demand as an adoption driver ECB will design CBDC to meet specific requirements In the last few years, many countries have been working tirelessly to create their own central bank-backed digital currency. Although most of them have different creation…

Bank of Ghana

Bank of Ghana outlines the idea behind its CBDC design

TL; DR Breakdown Bank of Ghana outlines the idea behind CBDC creation BOG specifics importance of the digital currency The Central bank wants full financial inclusion Countries across the globe have not hidden their intentions of releasing their respective Central bank digital currencies. Although some are already putting it into use, others are still trying…

Canadian CBDC

Canadian CBDC: Bank of Canada partners with MIT

TL; DR Breakdown Bank of Canada will partner with MIT on a Canadian CBDC research The research will run for 12 months The US wants to create a CBDC The design and subsequent development of potential CBDCs have been in the works across different countries in the past few years. Although some have crossed the…