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Bank of Thailand (BoT) to Develop A Prototype Payments System For Business Using CBDC
Thailand's Central Bank (BoT) has announced that it will roll out a prototype for digital currency payments within the country's business ecosystems. The initiative will be based on an ongoing CBDC project dubbed ‘Inthanon, ‘ which kicked off two years ago in collaboration with Thai's leading financial institutions. дальше »
2020-6-20 19:54 | |
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World Economic Forum to Tackle Corruption In Public Procurement Across Colombia Using Ethereum’s Blockchain
Global public procurement consists of over ten trillion dollars in expenditure but close to 10-30 percent of this money is swallowed up by corruption; something the WEF seeks to solve. The process offer tenders have switched from manual systems to a digital system to increase accountability, but certain loopholes still exist in the chain. The […] дальше »
2020-6-18 21:28 | |
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How Central Bank Digital Currencies Could Inadvertently Destroy the Banking System
The rise of digital currencies has shone a bright light on the future of contactless payments, and central banks seem to be catching on the idea. Central Banks, in this case, represent governments that have realized the vigor of financial technology and moved to prevent a crisis as more people migrate from the use of […] дальше »
2020-6-17 20:47 | |
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The Digital Yuan will integrate easily with digital payment options like Alipay and Wechat, claims Glen Woo
China’s DCEP may cause little disruption in the country’s present financial system and still... The post The Digital Yuan will integrate easily with digital payment options like Alipay and Wechat, claims Glen Woo appeared first on Coin Journal. дальше »
2020-6-15 14:31 | |
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In-Depth CBDC Report Published by Federal Reserve Bank of Philadelphia
Researchers at the Federal Reserve Bank of Philadelphia recently published a paper exploring the potential impact of a Central Bank Digital Currency on our financial system. The report noted that in addition to eliminating the need for cash, a CBDC should prevent future bank runs by giving the US Federal Reserve a monopoly on deposits. дальше »
2020-6-5 10:21 | |
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How CBDCs Change the Monetary System (Online Workshop by Jonas Gross, University of Bayreuth and Frankfurt School Blockchain Center)
Central bank digital currencies (CBDCs) are currently a hot topic. According to a study by the Bank for International Settlements, 20% of worldwide central banks intend to issue a CBDC within the next six years. дальше »
2020-5-28 17:09 | |
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Apple and Google Release Digital Contact Tracing Technology
Coinspeaker Apple and Google Release Digital Contact Tracing TechnologyApple and Google digital contact tracing system has launched in iOS and Android updates. It will allow public health departments to build their tracing apps. дальше »
2020-5-21 17:56 | |
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France Becomes the First Country to Successfully Trial a Blockchain-Based Digital Euro
Central banks across the globe are having an ultra-busy time amid the coronavirus crisis. Besides pumping in millions on millions of money into the system to salvage the economy, central banks have had to disinfect likely tainted currency notes. дальше »
2020-5-21 20:42 | |
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Lykke Launches COVID-19 Project to Fund Global Supply Chain Solutions and Announces Chris Giancarlo as Strategic Advisor for The Open Initiative
Lykke Corp, the Swiss fintech company and builder of marketplaces for digital financial assets, today launched The Open Initiative, a project dedicated to helping governments envision the ways digital technology can transform the global supply chain and financial system in a post-COVID-19 economy дальше »
2020-5-21 16:33 | |
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VeChain to Build Blockchain Medical Data Management System for Cyprus Hospital
The Mediterranean Hospital of Cyprus is all set to deploy a blockchain-based medical data management system built on top of the blockchain tracking platform VeChain in association with I-Dante, a digital healthcare solution provider. дальше »
2020-5-19 19:35 | |
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“If you Can’t Fight it, Adopt it,” Visa Wins Patent for Digital Currency Protocol
International payments processor Visa won a patent describing a digital currency protocol on May 14. The system works on a private blockchain and uses native tokens to facilitate transactions. Good for Crypto? As Forbes reported, the Visa blockchain would feature native “digital dollars” and other central bank-issued fiat currencies. дальше »
2020-5-15 17:00 | |
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Digital Yuan’s (DCEP) Ability to Dominate Cash Depends on 4 Keys: Former Bank of China Pres.
China is on the brink of launching its digital yuan for commercial use as the government has already started the pilot run a couple of weeks ago. During the pilot run of the digital yuan or the DC/EP system, the government employees of 4 major cities were given digital yuan in the form of travel […] дальше »
2020-5-7 19:28 | |
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Is Europe’s Experience in E-Signatures and Digital IDs Valuable for Australia?
eIDAS regulation in Europe could help Australia (and not only) avoid the same mistakes and improve its existing system
дальше »2020-4-28 12:49 | |
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China's DCEP might be a tiered system with financial intermediaries
The Central Bank Digital Currency has been introduced by many nations across the world. China's CBDC, also known as Digital Currency/Electronic Payment [DCEP], was announced to be launched in 2020 andThe post China's DCEP might be a tiered system with financial intermediaries appeared first on AMBCrypto. дальше »
2020-4-20 15:00 | |
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Tech Giant Microsoft Patents New Bitcoin (BTC) Mining System
Tech giant Microsoft has patented a new crypto mining solution that uses human bodily activity data to reward people with digital currency when they perform certain tasks. The firm says the new system aims to reduce computational energy consumed during mining while also making the mining process faster, according to a report released April 6,Read MoreRead More. дальше »
2020-4-8 01:00 | |
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Govt’s May Accelerate Digital Payment And CBDC Research Due to COVID-19: Bank of International Statements (BIS)
Bank of International Statements (BIS) recently released a research report on the effect of the COVID-19 pandemic to the overall payment system. According to the research, the virus is causing fear and uncertainty as physical cash sees a dip in usage in favor of digital payments. дальше »
2020-4-5 16:28 | |
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Bitcoin as a payment system: A narrative long dead?
It is very common to get consumed by overarching trends in the digital asset market especially when the narrative surrounds Bitcoin. The case today is no different as the attention of the entire ecosyThe post Bitcoin as a payment system: A narrative long dead? appeared first on AMBCrypto. дальше »
2020-3-18 17:00 | |
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InterPlanetary File System Is Uncensorable During Coronavirus News Fog
Digital citizens are turning to decentralized protocols like IPFS to share news during the coronavirus outbreak. дальше »
2020-3-18 12:00 | |
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Bank of England Doubles Down on Digital Currency Plans
The English central bank has outlined its plans for a CBDC, confirming their intent to act on monetary innovation. According to the research paper, the digital currency will run in tandem with the Real Time Gross Settlement (RTGS) system with intermediaries in charge of issuance to the public, March 13, 2020. дальше »
2020-3-13 14:00 | |
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Bitcoin's free fall may be strengthening coin's 'digital gold' narrative
Bitcoin has come a long way from its original intention of being a peer-to-peer electronic cash system. Today, scalability problems have largely killed the narrative. However, not everything is bad neThe post Bitcoin's free fall may be strengthening coin's 'digital gold' narrative appeared first on AMBCrypto. дальше »
2020-3-13 13:00 | |
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Samsung, LG-Backed Institution Launches Mobile ID System Using Blockchain Technology
According to local reports from the news agency, JoongAng Ilbo, SK Telecom is partnering with NH Bank to develop a “mobile employee ID” within the NH Digital Innovation Campus in Seocho-gu in Seoul. дальше »
2020-2-28 16:14 | |
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Bitcoin Can Only Act As A Hedge Against A Loss Of Confidence In Fiat And Payment System: JPMorgan
According to JP Morgan Chase and Co. ’s 74-page report later this week states, the digital money will change the financial world. “2019 will be remembered for the rise of digital money,” the bank said in its report. дальше »
2020-2-24 22:15 | |
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Australia: National Stock Exchange (NSX) to Launch own DLT-Based Settlement System
National Stock Exchange of Australia (NSXA), a Sydney-based stock exchange owned and operated by NSX Limited, is joining forces with iSignthis (ISX), to develop a blockchain-based digital securities platform that would rival that of the Australian Securities Exchange (ASX), according to reports on February 20, 2020. дальше »
2020-2-20 22:00 | |
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Microsoft’s ION Is an Open-Source Bet on Bitcoin
Project lead Daniel Buchner discusses ION, Microsoft’s open-source digital ID system built on Bitcoin. The post Microsoft’s ION Is an Open-Source Bet on Bitcoin appeared first on Bitcoin Magazine. дальше »
2020-2-18 16:00 | |
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China Files 84 Patents For Central Bank Digital Currency
Reports of more than 80 digital payments-related patents filed by the People’s Bank of China (PBOC) is offering concrete proof of the country’s moves to launch a CBDC. China Serious About CBDC Issuance According to the Financial Times, China’s central bank has filed 84 patents relating to its plans to launch a digital currency electronic payments DCEP system. дальше »
2020-2-13 22:30 | |
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Japanese Lawmakers Pushing for Digital Yen to Counter Chinese Digital Yuan
Coinspeaker Japanese Lawmakers Pushing for Digital Yen to Counter Chinese Digital YuanJapanese lawmakers are pushing for the adoption of the new CBDC system and the development of the digital yen in the next three years in order to counter the failing fiat currency system. дальше »
2020-2-11 20:57 | |
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Japanese Lawmakers Pushing for CBDC to Counter Failing Fiat Currency System
Coinspeaker Japanese Lawmakers Pushing for CBDC to Counter Failing Fiat Currency SystemJapanese lawmakers are pushing for the adoption of the new CBDC system and the development of the digital yen in the next three years in order to counter the failing fiat currency system. дальше »
2020-2-10 20:57 | |
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Data shows Ethereum is becoming a better payment method than Bitcoin
Bitcoin’s dream of becoming “a peer-to-peer electronic cash system” seems to be fading away due to its high volatility and scalability issues. But, Ethereum could be emerging as the ideal network for digital payments. дальше »
2020-2-3 18:56 | |
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Bitcoin’s System is The Only Way to Build Cryptocurrency: Investment Firm Exec
Founder of Morgan Creek Capital, Mark Yusko, believes Bitcoin’s Proof of Work (PoW) consensus is the only viable protocol on which to build a digital asset. In an interview, he discussed why the coin is a “beautiful use case of blockchain,” and why 99% of other coins will eventually go to zero. дальше »
2020-2-1 20:55 | |
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bountyblok gamification toolset now available on WAX Blockchain
WAX, a full suite of blockchain-based tools that allows anyone to securely trade digital and physical items with anyone, anywhere and bountyblok. io, a gamification protocol on blockchain, announced a new partnership that makes it easier for decentralized applications (dApps) to acquire new customers and engage them through bountybloks’ incentivization and reward system. дальше »
2020-1-31 14:25 | |
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Cambodia’s CBDC Initiative, Project Bakong Payments App, Countdown Has Begun
The Phnom Penh Post reports that within the next couple or more months, Cambodia’s central bank is going to launch its own blockchain-based peer-to-peer money platform. The system is called Project Bakong and it will be a central bank digital currency (CBDC) – backed payments app. дальше »
2020-1-31 22:03 | |
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Cambodia to Launch Digital Currency with Support of 11 Banks
Two years after reports of a Cambodian cryptocurrency, the country is set to launch a central bank digital currency (CBDC) payment system. Project Bakong to Feature Centralized Digital Currency According to Cambodian daily Phnom Penh Post, the country’s central bank is set to roll out “Project Bakong,” a blockchain-powered money transfer platform that features a CBDC. дальше »
2020-1-31 17:00 | |
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Electronics Giant Bosch Files Patent for a Digital Payment System Based on IOTA
IOTA partner Bosch has filed a patent regarding, “Method and device for operating a digital payment system,” which also includes a device, a computer program, and a storage medium. The application relates to an electronic method for cryptographically secure transfers of cryptocurrency. дальше »
2020-1-27 17:00 | |
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CBDCs, stablecoins may see streamlined governance as WEF announces Global Consortium
The role of digital currencies has been at the center of a lot of discussion at the World Economic Forum (WEF) in Davos this year. As a measure to address the fragmented regulatory system that surrounThe post CBDCs, stablecoins may see streamlined governance as WEF announces Global Consortium appeared first on AMBCrypto. дальше »
2020-1-25 11:16 | |
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China to use blockchain technology in its new social credit system
Following President Xi Jinping’s decision to embrace blockchain technology, different federal agencies within China stepped forward to abide by the new order. Now, several industry experts held a seminar to create an elaborate digital system of governance. дальше »
2020-1-23 01:00 | |
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CBDCs could be key to a broad-based blockchain payments system
Facebook's unveiling of its plan to launch a digital currency dubbed Libra has not only drawn the attention of regulators worldwide, but it has also initiated talks about central backed digital currenThe post CBDCs could be key to a broad-based blockchain payments system appeared first on AMBCrypto. дальше »
2020-1-22 21:30 | |
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Australia’s Central Bank Testing Ethereum-Based Interbank Settlement System Using CBDC
The Reserve Bank of Australia (RBA) — the country’s central bank says adoption of state-backed digital currency for interbank settlement could provide certain advantages like cost savings and better financial inclusion. дальше »
2020-1-16 15:00 | |
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China Issues Digital Currency Guide for Party Cadres
Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in the country’s financial system. дальше »
2020-1-14 05:30 | |
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