Payments News

On The Web

nbsp; nbsp;

Systems

Bahamas Expands Digital Currency Pilot

“The Central Bank of The Bahamas has extended its central bank digital currency pilot to the island of Abaco and revealed that the new Sand Dollar currency will include support for offline functionality. The Sand Dollar pilot lets citizens use a digital version of the Bahamian dollar to make payments and transfer funds using their […]
nbsp; nbsp; nbsp;

Systems

Bank of England on Stablecoins and CBDC – Cannot Hold Back Evolution of Money – Ledger Insights – Enterprise Blockchain

“Last week the Deputy Governor of the Bank of England, Sir John Cunliffe, gave a speech about money, including stablecoins and Central Bank Digital Currency (CBDC). He concluded that the form of money has always evolved and is something that can’t be held back. His biggest concern is the substitution of commercial bank money, whether […]
nbsp;

Systems

Central Bank Digital Currencies: the Cross-Border Dimension

“On January 21, 2020, the BIS (Bank for International Settlements) announced that a group of central banks (Canada, United Kingdom, Japan, Sweden, Switzerland and the European Central Bank) will share their experiences as they assess the different cases for launching central bank digital currencies (CBDCs) in their home jurisdictions. This announcement illustrates the growing importance […]
nbsp; nbsp; nbsp;

Systems

French Central Bank to Experiment With Wholesale Central Bank Digital Currency – Ledger Insights – Enterprise Blockchain

“Yesterday the Banque de France announced plans for an experiment to help with clearing and settlement of tokenized digital assets. To that end, it is calling for participants in a wholesale central bank digital currency (CBDC) test for interbank settlement. The announcement doesn’t come as a surprise because the Bank’s Governor Villeroy de Galhau previously […]

On The Wires

nbsp;

Systems

The Digital Dollar Project Names 22 New Advisory Group Members

“A partnership between Accenture (NYSE: ACN) and the Digital Dollar Foundation, the Digital Dollar Project was created to encourage research and public discussion on the potential advantages of a CBDC — or a “digital dollar.” The Project will identify options for a CBDC solution to help enhance monetary policy effectiveness and financial stability; provide needed […]