Latest Posts with CBDC tag

CBDC

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Regulatory framework for digital Yuan is out

25 Oct 2020 1 minute read 1 comment Blindworld

CBDCs was in the spotlight for a few months now. China recently tested its Digital Yuan payment system in Shenzen where citizens claimed approximately 30$ worth yuan and spent it across shops. A proper regulatory framework was a requirement for a CBD...

Central Bank Digital Currencies vs. Cryptocurrencies

25 Oct 2020 6 minute read 2 comments Brennan

One after another, countries around the world have been announcing plans to launch their own Central Bank Digital Currency (CBDC). China is already in the lead with the launch of their digital yuan earlier this year. In a test run, 50,000 Chinese cit...

Sand Dollar: The World's first CBDC comes from Bahamas!

24 Oct 2020 1 minute read 0 comments katerinaramm

According to a recent post, the "Central Bank of The Bahamas" issued a digital dollar which is available nationwide." The Sand Dollar is the first ever CBDC (Central Bank Digital Currency). This launches a brand new era, I am sure that many more...

Central Bank Digital Currency (CBDC). What is it and why should it exist?

21 Oct 2020 4 minute read 0 comments Allen Walters

You might have heard about it before: Central Bank Digital Currency (CBDC). CBDC is a concept that is still in development at this point of time. CBDC is what is supposed to become the digital form of banknotes. First thing to realize is the fact tha...

Did Fed Chair Powell Hint That Stablecoins Like USDC will be Used in the Transition to CBCDs? $ALGO $XLM $USDC

20 Oct 2020 1 minute read 1 comment Aware1

There has been a lot of news about recent statements made by Federal Reserve Chair Jerome Powel in regards to the creation of a digital dollar, most notably his quote that, "I think it's more important for the United States to get it right than it i...

20.10.2020 - Just another day into Crypto-verse

20 Oct 2020 3 minute read 2 comments Heruvim78

      Hello everyone, your friend G. is in the house! We had some interesting 48 hours. What are our news?   Good news for Celsius users, there is a new promo code ( TREAT ) and you can get up to 100 dollars just for borrowing money, using crypto as...

Digital Dollar can Wait- Says Federal Reserve Chairman

19 Oct 2020 1 minute read 4 comments Blindworld

Countries around the world are researching about CBDC or Central Bank Controlled Cryptocurrency. China is all set to release the digital Yuan and reports indicated the launch of the digital Dollar. But according to the latest statement from the feder...

China’s CBDC Can Be Called a Success

19 Oct 2020 1 minute read 4 comments Abhimanyu Krishnan

According to a report published on October 19, China’s CBDC lottery has seen near total usage as of October 18, as its central bank digital currency (CBDC) program begins to look increasingly successful. China airdropped a total of $1.5 million wort...

CENTRAL BANK DIGITAL CURRENCY

18 Oct 2020 6 minute read 0 comments Simplify Crypto

Digitization is reshaping society: The way we work, relate, exchange information and now also how we carry out financial transactions have been changing rapidly, leading us to adapt and change paradigms. In the last decade, the financial services sec...

CBDC: Taking Tokens to Account

15 Oct 2020 5 minute read 0 comments Craig Borysowich

At a very high level, one of the basic design concepts for a CBDC is the decision to design a purely token-based solution or should the central bank take on a broader mandate to offer an account-based solution that would support digital currency toke...