South Korea to Test CBDC with 100K Citizens in 2024
The Central Bank of South Korea says the Central Bank Digital Currency (CBDC) pilot program will involve using deposit tokens to purchase products by 100,000 Korean citizens, The testing will start “around September to October” of 2024 and last for three months. Participants will only be able to use the CBDC for payment purposes, with […]
Qatar is reportedly looking to explore digital bank currencies
According to reports, the Qatar Central Bank (QCB) is looking into introducing a digital currency and also issuing digital bank licenses. The bank is expected to set a direction for the upcoming project soon. According to Alanood Abdullah Al Muftah, the chairman of the QCB’s fintech branch, the central bank will shortly determine a path […]
Mastercard now provides a cryptocurrency and digital currencies consulting service feature
Financial services and payment giant Mastercard is now set to offer a new service that involves consultation regarding crypto and digital currencies. The new offering for banks and merchants will cover everything from crypto and NFT strategy, to crypto cards and loyalty programs. Mastercard is expanding its cryptocurrency offerings, stating today that it will offer […]