Reserve Bank of New Zealand releases issue paper on digital currency
The Reserve Bank of New Zealand (RBNZ) recently released an issue paper on central bank digital currencies (CBDC). The paper outlines CBDC purposes, designs, as well as the potential benefits and associated risks. The document explains the CBDC’s goals, designs, as well as the potential benefits and hazards that come with them. The proposed paper […]
JPMorgan CEO – I am not a Bitcoin buyer
Jamie Dimon, CEO of investment banking powerhouse JPMorgan Chase, slandered Bitcoin’s popularity in an online interview with Times of India while claiming that the leading digital currency might expand 10x in five years. Dimon, who has long been a sceptic of Bitcoin (BTC), termed it a scam in 2017 and cited reports that criminals may […]
What you should know about Bitt Inc, the digital currency partner of the Central Bank of Nigeria
Bitt has been selected as the technical partner for the Central Bank of Nigeria’s digital currency, nicknamed eNaira, which will be introduced later this year. The announcement was made on Monday, August 30th, by the Central Bank of Nigeria . People have expressed an interest in learning more about the company and how Nigerians will […]
Central bank of Nigeria partners with Bitt Inc for its digital currency rollout
Bitt Inc, a Barbados-based fintech startup, would serve as the Central Bank of Nigeria’s technical partner for the proposed e-naira. The company is trusted due to its successful launch of Eastern Caribbean Central Bank’s DCash. The Central Bank of Nigeria (CBN) said on Monday that it has picked Bitt Inc because of its “technical competence, […]
Ukrainian ministry sets to begin its digital currency pilot for staff salaries
Following earlier news by an official which stated that the new bill will allow salaries payment in crypto, paying ministry employees in e-hryvnia could be a suitable first pilot for the central bank digital currency. Ukraine’s Deputy Prime Minister and Minister of Digital Transformation , Mikhail Fedorov, has unveiled a possible early use case for […]