Digital currency

Software can enable Digital Euro offline payments on existing devices ensuring common access

Retrieved on:

Thursday, January 25, 2024

Central bank, Fluency, CBDC, Central bank digital currency, Handbook, Bank, NFC, Aureum Chaos, Software, Bluetooth, SIM, QR, Investment, North magnetic pole, Digital currency, Near-field communication, EMV, Online shopping

DUBLIN, Jan. 25, 2024 /PRNewswire/ -- Reliance on new devices can greatly restrict Digital Euro access and can exclude a large proportion of citizens who do not use contactless devices.

Key Points:

DUBLIN, Jan. 25, 2024 /PRNewswire/ -- Reliance on new devices can greatly restrict Digital Euro access and can exclude a large proportion of citizens who do not use contactless devices.
Integrating both software and hardware components reduces device obsolescence and allows Eurozone users to access the Digital Euro from any device.
The Digital Euro might offer dual protection, including a crisis-averting mechanism if either hardware or software fails.
"Fluency is of the opinion that the most viable path to Digital Euro adoption is to enable 24/7 access to safe and secure offline payments through durable and upgradable software, as it provides quality access which is not encumbered by potentially expensive new hardware.

Software can enable Digital Euro offline payments on existing devices ensuring common access

Retrieved on:

Thursday, January 25, 2024

DUBLIN, Jan. 25, 2024 /PRNewswire/ -- Reliance on new devices can greatly restrict Digital Euro access and can exclude a large proportion of citizens who do not use contactless devices.

Key Points:

DUBLIN, Jan. 25, 2024 /PRNewswire/ -- Reliance on new devices can greatly restrict Digital Euro access and can exclude a large proportion of citizens who do not use contactless devices.
Integrating both software and hardware components reduces device obsolescence and allows Eurozone users to access the Digital Euro from any device.
The Digital Euro might offer dual protection, including a crisis-averting mechanism if either hardware or software fails.
"Fluency is of the opinion that the most viable path to Digital Euro adoption is to enable 24/7 access to safe and secure offline payments through durable and upgradable software, as it provides quality access which is not encumbered by potentially expensive new hardware.

JCB, IDEMIA and Soft Space launch "JCBDC" Phase 2 pilot to trial CBDC offline P2P payments

Retrieved on:

Wednesday, December 13, 2023

POS, Senior, EMV, WLA, Fintech, HCE, Sale, Central bank, Point of sale, SVC, Internet, CBDC, Space, JCB, NFC, Digital currency, Community business development corporation, IDEMIA, API, Mobile phone

This solution was successfully piloted in Tokyo in 2023, which has enabled JCB, IDEMIA, and Soft Space to proceed to the next phase of the project.

Key Points:

This solution was successfully piloted in Tokyo in 2023, which has enabled JCB, IDEMIA, and Soft Space to proceed to the next phase of the project.
The project uses IDEMIA's protocol, the industry standard for Offline CBDC Payments, and leverages on Soft Space's expertise in contactless payments.
JCB, IDEMIA and Soft Space will implement the second phase of the project and conduct a pilot in early 2024.
"It gives me great honor to announce our collaboration with IDEMIA and Soft Space on this Phase 2 project continuing from Phase1.

Mercado Bitcoin Lists the Digital Cash eEUR Stablecoin From ARYZE

Retrieved on:

Tuesday, December 19, 2023

Bitcoin, Fintech, Partnership, RWA, Tota, British Virgin Islands, Digital currency, MB, Polygon, Parity, Cryptocurrency

Known as Digital Cash, the eEUR is the first in a series of stablecoins developed by ARYZE, a pioneering multinational FinTech headquartered in Denmark focused on creating solutions that drive financial inclusion through digital assets and programmable money.

Key Points:

Known as Digital Cash, the eEUR is the first in a series of stablecoins developed by ARYZE, a pioneering multinational FinTech headquartered in Denmark focused on creating solutions that drive financial inclusion through digital assets and programmable money.
Digital Cash stablecoins operate on various blockchain networks, and at MB can be found on the Polygon blockchain.
Digital Cash from ARYZE are full reserve stablecoins, meaning that they are asset-backed with government bonds and cash ensuring 100% parity to the physical Euro.
The Digital Cash eEUR stablecoin is issued by ARYZE BVI, a wholly-owned subsidiary of ARYZE Denmark, operating from the well-established digital assets jurisdiction of the British Virgin Islands, and fully compliant with relevant stablecoin regulations.

EMTECH Successfully Pilots Its Web3-based Digital Cash Infrastructure Solution With Bank of Ghana

Retrieved on:

Monday, December 18, 2023

EMTECH , a Modern Central Banking Infrastructure company, has successfully delivered a 12-week CBDC Hackathon as a strategic pilot for the Bank of Ghana.

Key Points:

EMTECH , a Modern Central Banking Infrastructure company, has successfully delivered a 12-week CBDC Hackathon as a strategic pilot for the Bank of Ghana.
This is the company's latest technical partnership with Bank of Ghana, following the deployment of its Digital Regulatory Sandbox.
View the full release here: https://www.businesswire.com/news/home/20231218355185/en/
Congratulations to the winners of the recently concluded eCedi Hackathon hosted by the Bank of Ghana!
As a foundation, EMTECH’s Digital Cash Infrastructure is designed to make cash accessible, interoperable and trusted in this era.

Announcing Thailand Digital Token & Blockchain Event with The Finstable Group

Retrieved on:

Monday, October 16, 2023

Ethereum, EOS, Cardano, Digital currency, Central bank digital currency, Token, Heart, Trust, Central bank, Policy, CBDC, Name, BTC, Cryptocurrency, Flare, Polka dot, Oracle

This two-day conference will serve as the inaugural platform for the "Thailand Digital Token and National Blockchain Infrastructure" symposium, delving deep into Thailand's Digital Currency Policy.

Key Points:

This two-day conference will serve as the inaugural platform for the "Thailand Digital Token and National Blockchain Infrastructure" symposium, delving deep into Thailand's Digital Currency Policy.
This exclusive event, hosted by The Finstable Group, will convene influential leaders in blockchain technology, alongside government representatives from Thailand.
It is designed to cultivate crucial dialogues concerning the integration of blockchain technology in the development of digital currency and the national blockchain infrastructure.
Organized by The Finstable Group, a prominent figure in Thailand's blockchain ecosystem, this high-profile conference will unfold at the state-of-the-art Blockchain Technology Center (BTC) located in the heart of Phuket, Thailand.

Truly Free Names Jim Martin as Chief Technology Officer Amid Major Digital Expansion Plans

Retrieved on:

Thursday, September 14, 2023

Central bank, FBI, DNA, Digital currency, Genetics, Overstock.com, Bitts, Central bank digital currency, DNA profiling, Myriad Genetics, Engineering, Mobile phone, Online shopping, Cryptocurrency

TRAVERSE CITY, Mich., Sept. 14, 2023 /PRNewswire-PRWeb/ -- Truly Free, a revolutionary, non-toxic and refillable cleaning product brand, recently appointed Jim Martin as its new Chief Technology Officer to manage rapid digital expansion plans underway. Jim will further help connect consumers to more eco-friendly, family-safe, natural products.

Key Points:

TRAVERSE CITY, Mich., Sept. 14, 2023 /PRNewswire-PRWeb/ -- Truly Free , a revolutionary, non-toxic and refillable cleaning product brand, recently appointed Jim Martin as its new Chief Technology Officer to manage rapid digital expansion plans underway.
"Jim has a wealth of experience building successful software systems across many industries," said Stephen Ezell, CEO of Truly Free.
"Jim has a wealth of experience building successful software systems across many industries," said Stephen Ezell, CEO of Truly Free.
"I admire Stephen's tremendous vision for the company," said Jim Martin, CTO of Truly Free.

Swift Advances CBDC Innovation as Interlinking Solution Begins Beta Testing

Retrieved on:

Wednesday, September 13, 2023

Swift has entered a new phase of its breakthrough work on Central Bank Digital Currency (CBDC) interoperability, announcing that three central banks are beta testing its innovative solution for interlinking CBDCs, while 30 financial institutions are experimenting with the solution in a new sandbox to explore further use cases.

Key Points:

Swift has entered a new phase of its breakthrough work on Central Bank Digital Currency (CBDC) interoperability, announcing that three central banks are beta testing its innovative solution for interlinking CBDCs, while 30 financial institutions are experimenting with the solution in a new sandbox to explore further use cases.
Swift committed to developing a beta version of its CBDC connector solution after a first iteration of sandbox testing, with participants recognising the solution’s ‘clear potential and value’.
The beta solution has taken its next step, with three central banks and monetary authorities, including the Hong Kong Monetary Authority (HKMA) and the National Bank of Kazakhstan, integrating the solution with their own infrastructure for direct testing.
Central and commercial bank participants noted that the connector enabled the seamless exchange of CBDCs, even for those built on different platforms.

Global Fintech Fest 2023

Retrieved on:

Thursday, September 7, 2023

“Introduction of Central Bank Digital Currency (CBDC) in Nepal shall be envisioned in a phased manner,” said Mr. Maha Prasad Adhikari, Governor, Nepal Rastra Bank, during a special address on ‘Empowering Financial Inclusion through Fintech Innovation: Nepal's Journey towards a More Inclusive Financial Landscape’ at the Global Fintech Fest 2023.

Key Points:

“Introduction of Central Bank Digital Currency (CBDC) in Nepal shall be envisioned in a phased manner,” said Mr. Maha Prasad Adhikari, Governor, Nepal Rastra Bank, during a special address on ‘Empowering Financial Inclusion through Fintech Innovation: Nepal's Journey towards a More Inclusive Financial Landscape’ at the Global Fintech Fest 2023.
Mr. Adhikari said that the government of Nepal considered digitalisation as its top priority and accordingly formulated its Digital Nepal Framework in 2019.
In alignment with this the issuance of the Nepal Pay Card, like India’s RuPay card, is in progress.
Highlights of Global Fintech Fest 2023:
3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports |81 Academic Papers| 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors |500+ exhibitors |150K Sq.

INX and SICPA Announce the Formation of Nabatech: A Joint Venture for Sovereign states Digital Currency Ecosystem

Retrieved on:

Monday, September 11, 2023

Amon, Parallel, Blockchain, Partnership, Cryptocurrency, Central bank, ATS, Central bank digital currency, INX, DLT, OTCQB, CBDC, SICPA, Privacy, Digital currency, Digital, Knowledge, NEO

Nabatech is a direct result of INX and SICPA's collaboration to aid governments and central banks worldwide in constructing pioneering sovereign digital assets ecosystems.

Key Points:

Nabatech is a direct result of INX and SICPA's collaboration to aid governments and central banks worldwide in constructing pioneering sovereign digital assets ecosystems.
The Swiss-incorporated joint venture uniquely combines Decentralized Ledger Technology (DLT) infrastructure and digital identity technologies to fulfill critical Central Bank Digital Currency (CBDC) requirements - from security and privacy to resilience and financial inclusion.
This initiative is set to propel the establishment and launch of a secure and scalable framework for central banks to execute digital strategies.
For more about SICPA and its solutions for governments and central banks, visit https://www.sicpa.com/ .