Payments News

On The Web

nbsp; nbsp; nbsp;

Systems

Spanish Financial Sector Explores Design Concepts for Digital Euro

“Iberpay in concert with 16 Spanish banks has successfully concluded proof-of-concept trials that tested different design options for a future digital euro. The Smart Money project compared and contrasted different approaches currently under investigation by the European Central Bank, such as token-based and account-based models, DLT technology, online digital money payments and the possibility of […]
nbsp; nbsp;

Systems

China to Explore Cross-border Payments in Digital Yuan

“China’s central bank said on Friday it will explore cross-border payments in digital yuan, and is willing to discuss setting global standards for digital fiat currency to jointly develop the international monetary system. The People’s Bank of China (PBOC) will strengthen data security and personal information protection as it forges ahead with domestic testing of […]
nbsp; nbsp; nbsp;

Systems

Banks to Play ‘Very Important Role’ in Sweden’s Digital Currency Project

“Commercial banks will play “a very important role” in Sweden’s project to create a central bank digital currency despite concerns that it could erode traditional lenders’ deposit bases, according to a payment executive at Svenska Handelsbanken AB (publ). Handelsbanken, Sweden’s largest bank by assets, has become the first commercial lender to join a project by […]
nbsp;

Systems

ECB to Launch Digital Euro Project

“The European Central Bank is set to give the green light on Wednesday to a multi-year project to create a digital version of the euro. An electronic equivalent of banknotes and coins, the digital euro will likely be a digital wallet that euro zone citizens can keep at the ECB. It is part of a […]
nbsp;

Systems

China Gives Out $40 Million Of Digital Yuan In Red Envelopes To Boost Adoption | Bitcoinist.com

“China, which has the world’s most advanced digital currency initiative, has distributed more than $40 million in red envelopes containing digital yuan thus far. The CBDC’s promotional effort is now focusing on five main cities, with regional development priorities in mind. The experimental implementation of the digital RMB, the central bank digital currency (CBDC) issued […]