MasterCard Says Wide Adoption of CBDCs Would be Difficult
According to payments giant Mastercard, adoption is the most challenging aspect of state-issued digital currencies. According to Mastercard, the second-largest payment processing company, central bank digital currencies, or CBDCs, are not anticipated in the near future since modern consumers are “comfortable using today’s type of money.” The APAC head of Mastercard’s digital assets and blockchain, […]
Singapore’s Central Bank to Trial Wholesale CBDC Settlements
Local institutions will utilize a live wholesale CBDC for settlements, as disclosed by the Monetary Authority of Singapore. The Central Bank of Singapore has introduced a pilot program for a central bank digital currency (CBDC) pegged to the Singapore dollar. The objective is to enable local institutions to conduct settlements using the CBDC. Attending the […]
Kazakhstan Officially Launches Digital Tenge CBDC
Kazakhstan has officially launched the central bank digital currency, the digital tenge, and the country’s chairman of the National Payment Corporation has made the first transaction with the CBDC. Binur Zhalenov, chairman of Kazakhstan’s National Payment Corporation (NPC), has conducted the initial transaction utilizing the central bank digital currency (CBDC). According to the local news […]
Swiss National Bank Pilots wholesale CBDC
Swiss National Bank, in partnership with SIX swiss exchange is piloting the wholesale central bank digital currencies (wCBDC) the project will be hosted on SDX and use the Swiss Interbank Clearing infrastructure. The Swiss National Bank (SNB), six commercial institutions, and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central […]
Visa Completes Hong Kong CBDC Pilot Test with Local Banks
Visa has completed the e-HKD Central Bank Digital Currency (CBDC) Pilot Programme with HSBC and Hang Seng Bank for the Hong Kong Monetary Authority. According to an announcement made on November 1, the e-HKD Programme involves the tokenization of deposits, in which the money entrusted with a bank is minted on the firm’s blockchain ledger, […]