JPMorgan to Launch Blockchain-Based Deposit Token
JPMorgan is set to make a big splash in the digital finance space with its new blockchain-based deposit token. The token, awaiting U.S. regulators’ approval, will enable faster and cheaper cross-border transactions among banks and other entities. JPMorgan will back the new token with U.S. dollars and issue it on a blockchain platform. The new […]
Experts Announce Revolutionary Tokenized Asset Coalition
Today, many prominent figures in asset tokenization announced the creation of an association to advance its progress. The Tokenized Asset Coalition (TAC) has been established by seven pioneers in decentralized finance (DeFi). This newly formed advocacy organization, as announced on September 7th, is dedicated to promoting the widespread adoption of public blockchains, asset tokenization, and […]
Bank of China Mandates Retail Digital Yuan Payments
Using QR codes, e-commerce platforms now have the potential to include Central Bank Digital Currencies (CBDC) into their own operating systems in the near future. Changchun Mu, the Director of the Digital Currency Research Institute of the People’s Bank of China, emphasized in a speech delivered on September 3 that as China’s central bank digital […]
Jam-Dex: Jamaica’s CBDC to Transform the Transportation Sector
Jamaica’s central bank digital currency, Jam-Dex, is set to revolutionize how people pay for public transportation in the island nation. Local bus and taxi operators are eager to integrate Jam-Dex into their operations, as it offers convenience, security, and cost-efficiency. Jam-Dex is the name of Jamaica’s central bank digital currency (CBDC), launched by the Bank […]
Mastercard Teams Up with Blockchain Firms to Explore CBDCs
Mastercard launches a CBDC Partner Program with seven leading crypto and blockchain companies, including Ripple, ConsenSys, and Fireblocks, to explore the benefits and challenges of digital currencies. Mastercard, one of the world’s largest payment-processing companies, has launched a new initiative to explore the benefits and challenges of central bank digital currencies (CBDCs) with seven prominent […]