2023-6-20 16:00 |
The international organization wants to help cut the cost of cross-border transactions, without abandoning compliance checks or capital controls.
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Recently, the second-largest money transfer system in the world, MoneyGram, started using the xRapid product of California-based fintech startup Ripple to make cross-border payments. Currently, MoneyGram serves millions of customers in more than 200 countries over the world.
2019-8-10 14:28 | |
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Opinion: From Brazil to Norway, there is plenty of evidence that governments are planning to use CBDCs to abuse their people.
Unpacking the Incoherence and Hubris of Modern Monetary Theory and Its Intersection with CBDCs and Bitcoin
The Reserve Bank of New Zealand opened a new consultation period on a central bank digital currency (CBDC) on April 17. The current stage of development seeks input on “high-level design options for digital cash.
Swiss National Bank (SNB) Chairman Thomas Jordan said the central bank “sees no need” to issue a central bank digital currency (CBDC) for public use despite the benefits of a wholesale version.
SWIFT said on March 25 that it discovered several applications for its central bank digital currency (CBDC) solution following a successful six-month test. The company did not create its own CBDC but instead developed an interlinking solution for existing CBDCs — dubbed the SWIFT connector.
In a recent meeting with the European Parliament’s Committee on Economic and Monetary Affairs, Piero Cipollone, a member of the ECB Executive Board, discussed the forthcoming digital euro, specifically its privacy features, infrastructure procurement, and operational standards.
Swiss banks, Cantons of Basel-City, and Zurich have successfully issued digital bonds using real CHF wholesale central bank digital currency (wCBDC) on SIX Digital Exchange (SDX). This marks the first-ever issuance of this kind, leveraging the Swiss National Bank’s (SNB) wCBDC.