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Visa Partners With ConsenSys to Help Bridge CBDCs With Traditional Finance

“Payments giant Visa has teamed up with Ethereum scaling firm ConsenSys to help central bank digital currency (CBDC) networks bridge the gap with traditional financial institutions. Customers will eventually be able to use their CBDC-linked Visa card or digital wallet anywhere that Visa is accepted globally, Catherine Gu, Visa’s head of CBDC, said in a […]
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BIS, Swiss National Bank, SIX Exchange Complete Wholesale CBDC Trial

“Switzerland is practically ready to launch a wholesale central bank digital currency (CBDC). Working in concert, the Bank for International Settlements (BIS), the Swiss National Bank (SNB) and the country’s stock exchange, SIX, have test-driven the integration of wholesale CBDC settlement. Also included in the prototype were five commercial banks: Citi, Credit Suisse, Goldman Sachs, […]
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CBDC Wallet Tops Mobile App Store Charts in China

“The app is still in an experimental phase and is only accessible to select individuals through authorized e-CNY service providers. While anyone in China could download the app, its usage is limited to select cities. Despite these limitations, the South China Morning Post reported that e-CNY managed to become the most downloaded app on Apple’s […]
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China’s Digital Currency Comes to Its Biggest Messaging App WeChat, Which Has Over a Billion Users

“Tencent -owned WeChat, China’s largest messaging app and one of the country’s biggest payment services, will begin supporting the country’s sovereign digital currency. China has been working on the digital yuan since 2014 and is yet to roll it out nationwide. But the move by WeChat, which has over 1 billion users, to support the […]
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China Central Bank Launches Digital Yuan Wallet Apps for Android, IOS

“China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country’s central bank steps up its push to develop its own digital currency. The “e-CNY (Pilot Version)” app, developed by the People’s Bank of China’s (PBOC) digital currency research institute, was available for download on Chinese Android […]
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Bank of Jamaica Completes First CBDC Pilot

“The Bank of Jamaica (BoJ) has successfully completed its f central bank digital currency (CBDC), targeting a national rollout in the first quarter of 2022. After proceeding with initial CBDC prototype testing in March 2021, Jamaica’s central bank finished an eight-month-long pilot last Friday, the Jamaica Information Service reported . As part of the pilot, […]