Latest Posts with CBDC tag

CBDC

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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...

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...