Latest Posts with CBDC tag

CBDC

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CBDC: The Government Of China’s New Digital Currency

14 Oct 2020 5 minute read 2 comments MintDice.com

In August 2020, the People’s Republic of China released an app provided by ABChina for its countrywide digital currency, CBDC (Central Bank Digital Currency). In the months since, the currency has already been used for 1.1 billion yuan worth of trans...

China digital currency implementation continues with $1.5 million cash splash

13 Oct 2020 2 minute read 14 comments PVMihalache

Back in April, the Chinese Government started the ambitious plan to challenge the Bitcoin and international currencies such as Dollars, Euros and Sterling Pounds. They started a trial program for the official digital version of the yuan, with a limit...

China 'Airdrops' $1.5M in Digital Yuan to Its Citizens

13 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

China’s state-run bank, the People’s Bank of China, has airdropped $1.5 million worth of Digital Yuan to its citizens in a large scale lottery that was organized in the first week of October. 50,000 citizens, selected at random, were each given 200...

Chinese residents to receive red "lottery" packets to disseminate digital yuan.

13 Oct 2020 1 minute read 1 comment alberdioni8406

The second most powerful nation in the world is making huge efforts to promote the use and adoption of their future digital yuan or the one dubbed DCEP-digital currency electronic payment based in blockchain, and to make it happen efficiently they...

First CBDC Platform that can power an entire economy

11 Oct 2020 4 minute read 4 comments Chriss

*CBDC - Central Bank for Digital Currency National Payment Platform (NPP) is a framework facilitating the completion of all of a country's digital currency transactions. It consists of institutions, the technological infrastructure, operations, and c...

South Korea to Launch its Central Bank Digital Currency (CBDC) in 2021!

8 Oct 2020 1 minute read 0 comments MoneyLearn

South Korea's central bank, the Bank of Korea (BOK), has announced that it will launch a central bank digital currency (CBDC) pilot project next year in collaboration with major corporations and national banks. According to Seoul Shinmun and the Four...

ECB is Serious With Digital Euro, Tweets a Thread

2 Oct 2020 1 minute read 10 comments Abhimanyu Krishnan

The European Central Bank (ECB) offered some details on its stance on a Digital Euro via Twitter on October 2, and it appears that the bank is quite serious about its adoption. The ECB states that a Digital Euro could provide “a universally accepted...

CBDC , Blockchain and Cutting Through the Nonsense

16 Sep 2020 6 minute read 1 comment Craig Borysowich

Right off the top, I want to use this as a stage-setting article to introduce several topics related to Central Bank Digital Currencies (CBDCs) that help to set up a series of articles in which I plan to deep dive into a various technical and non-tec...

French Central Bank Will Use Tezos to Power Digital Euro Trials

16 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan

According to a report published September 15, the French Central Bank will see Tezos (XTZ) power its Digital Euro trial, after selected candidates Societe Generale and Forge chose Tezos as the blockchain for the experiment.  Multinational investment...

Official: Tezos is part of one of the eight selected parties for further development of the CBDC experiment for Banque de France

15 Sep 2020 1 minute read 5 comments Allen Walters

On the 24th of April this year, The Banque de France announced that its official call for applications to experiment with a Central Bank Digital Currency for interbank settlements. On July 20th this year, Banque the France announced 8 selected compan...