eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary

Geopolitical Analyst Nick Giambruno called Nigeria’s eNaira project a “massive failure” while saying the outcome has not been “what the elites hoped for.” The eNaira launched on October 25, 2021, with President Muhammadu Buhari saying Africa’s first Central Bank Digital Currency (CBDC) would “increase remittances, foster cross-border trade, improve financial inclusion and enable the government […] The post eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary appeared first on CryptoSlate. дальше »

2022-11-3 18:36

Bank of England’s vision for the digital pound differs from China’s model

Bank of England (BoE) Deputy Governor Jon Cunliffe said the digital pound would likely operate as an account-managed instrument at the “trade level,” instead of a direct to retail user currency, Bloomberg News reported, Cunliffe — tasked with overseeing the United Kingdom’s CBDC project — told a panel that policymakers are considering ways to make the […] The post Bank of England’s vision for the digital pound differs from China’s model appeared first on CryptoSlate. дальше »

2022-7-8 18:45

China enters 2022 with a first-mover advantage on the CBDC front, releases pilot versions of digital yuan wallet apps for Android, iOS

The People’s Bank of China (POBC) recently released pilot versions of digital yuan wallets for both Android and iOS smartphones, Reuters reported.  Meanwhile, researchers from Cornell University and the University in Chicago outlined what all the rush is about, and how will the arrival of digital yuan, also known as e-CNY or DCEP, affect the […] The post China enters 2022 with a first-mover advantage on the CBDC front, releases pilot versions of digital yuan wallet apps for Android, iOS appeared first on CryptoSlate. дальше »

2022-1-5 08:00