Central Bank Digital Currency (CBDC)
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What are the similarities between Bitcoin and Central Bank Digital Currency (CBDC)?
What are the similarities between Bitcoin and Central Bank Digital Currency (CB
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Universal Monetary Unit (UMU) – A Game-Changer In The World of Cross-Border Payments
According to reports, at the Spring 2023 meeting of the International Monetary Fund (IMF), the Digital Currency and Financial Authority (DCMA) announced the official launch of the
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Establishing a Team to Develop Central Bank Digital Currency (CBDC): The Bank of England’s Latest Move
According to reports, the Bank of England is seeking to establish a team of up to 30 people to develop the Central Bank Digital Currency (CBDC). In February of this year, the Bank
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CBDC Transaction Value to Surge and Domestic Payment Proportion to Decrease, Says Juniper Research
On March 14, according to Juniper Research, the total annual value of transactions using the Central Bank Digital Currency (CBDC) will increase from US $100 million to US $213 billion in 2030. In addition, with the development of cross-border CBDC payment system, the proportion of domestic CBDC payment in the total transaction volume will decrease from “nearly 100% in the current pilot stage” in 2023 to 92%. The global CBDC transaction volume will reach US $213 billion by 2030 Analysis based on this information:According to Juniper Research, the Central Bank Digital Currency (CBDC) transaction value is expected to surge from US $100 million in 2023 to US $213 billion in 2030. This staggering growth rate is due to the increasing adoption of CBDCs worldwide. Central banks across the globe have initiated the development of their digital currencies, and some have already launched their pilots with great success. The research further predicts that the development of cross-border CBDC payment systems will…
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Cash Shortage Protests in Nigeria Cast Doubt on CBDC Adoption
It is reported that the Nigerian people recently took to the streets to protest against the cash shortage caused by the policy adopted by the government to prom
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Offline Usage of Canada’s Central Bank Digital Currency (CBDC)
It is reported that the Bank of Canada has released a research report on offline payment using the Central Bank Digital Currency (CBDC). Compared with digital …