CBDC

Webtel.mobi’s 21st Century TUV Digital Currency Enables Instant CBDC-Equivalent Acquisition and Usage by All Entities Worldwide

Thursday, October 14, 2021 - 1:23pm

These increase security, decrease transaction times, remove unnecessary intermediaries, lower, or remove all costs, and function 24/7/365 instead of 24/5/365.

Key Points: 
  • These increase security, decrease transaction times, remove unnecessary intermediaries, lower, or remove all costs, and function 24/7/365 instead of 24/5/365.
  • The Transaction Flows in that WMs Global Financial System replica enables Pure Peer-to-Peer (PP2P) Transactions between all Members.
  • WMs TUV Digital Currency is also fully functional in, and for, every currency, and already has all the (proposed) characteristics of Wholesale and Retail CBDCs.
  • WM also has the fully operational Global Exchange Mechanism required for any contemplated shift to a Global Digital Economy based upon Global Digital Currency.

Core Banking Provider Perfinal Announces New CBDC-ready Engine plus UI Allowing Non-Tech CFOs to Build a Digital Bank.

Wednesday, October 13, 2021 - 2:13pm

DEBRECEN, Hungary, Oct. 13, 2021 /PRNewswire/ -- Hungary-based core banking provider Perfinal says its new platform will be CBDC-ready and will allow bankers in non-tech roles to design and build an EMI or neobank.

Key Points: 
  • DEBRECEN, Hungary, Oct. 13, 2021 /PRNewswire/ -- Hungary-based core banking provider Perfinal says its new platform will be CBDC-ready and will allow bankers in non-tech roles to design and build an EMI or neobank.
  • Using the 'Financial Commander' interface, CFOs can visualise financial elements and construct and test workflows, while Perfinal's Flux engine works in the background to execute their commands.
  • "Financial Commander does exactly what it says: it puts financial officers back in command as financial players compete for the digital landscape."
  • Brezovszki emphasises that the new functionalities and features are only possible due to Perfinal's core technology.

Core Banking Provider Perfinal Announces New CBDC-ready Engine plus UI Allowing Non-Tech CFOs to Build a Digital Bank.

Wednesday, October 13, 2021 - 9:13am

DEBRECEN, Hungary, Oct. 13, 2021 /PRNewswire/ -- Hungary-based core banking provider Perfinal says its new platform will be CBDC-ready and will allow bankers in non-tech roles to design and build an EMI or neobank.

Key Points: 
  • DEBRECEN, Hungary, Oct. 13, 2021 /PRNewswire/ -- Hungary-based core banking provider Perfinal says its new platform will be CBDC-ready and will allow bankers in non-tech roles to design and build an EMI or neobank.
  • Using the 'Financial Commander' interface, CFOs can visualise financial elements and construct and test workflows, while Perfinal's Flux engine works in the background to execute their commands.
  • "Financial Commander does exactly what it says: it puts financial officers back in command as financial players compete for the digital landscape."
  • Brezovszki emphasises that the new functionalities and features are only possible due to Perfinal's core technology.

Webtel.mobi Describes Requirements for a Sector-Influencing System in USD 10 000+ Trillion P.A. Transaction-Volume Markets

Monday, October 11, 2021 - 12:00pm

Some examples are:

Key Points: 
  • Some examples are:
    Cryptocurrencies that derive their value from applying Artificial Scarcity through limitation of coins volumes will only ever have maximum value within their systems of USD 1 Trillion to 1.5 Trillion.
  • However, just global FX Gross Payment Obligations exceed USD 18.7 Trillion per day (X 260 = USD 4 862 Trillion per annum) and this is just one of over 10 markets with daily volumes in the USD multi-Trillions.
  • Uninformed debate on these matters should be replaced with informed discussion and clear identification of what is being sought.
  • However, it simultaneously requires attendance to a correspondingly astronomically large number of requirements and responsibilities for the insurance of international stability.

StraitsX surpasses SGD 2 billion mark in digital assets-related transactions in 2021 and unveils new platform

Monday, October 11, 2021 - 4:00am

SINGAPORE, Oct 11, 2021 - (ACN Newswire) - StraitsX, Southeast Asia's pioneering digital assets platform developed by Xfers, a Singapore-based FinTech licensed by the Monetary Authority of Singapore (MAS) for e-money issuance, today announced that it has surpassed the SGD 2 billion mark in digital assets-related transactions on its payment platform in 2021 alone.

Key Points: 
  • SINGAPORE, Oct 11, 2021 - (ACN Newswire) - StraitsX, Southeast Asia's pioneering digital assets platform developed by Xfers, a Singapore-based FinTech licensed by the Monetary Authority of Singapore (MAS) for e-money issuance, today announced that it has surpassed the SGD 2 billion mark in digital assets-related transactions on its payment platform in 2021 alone.
  • The new StraitsX platform features a redesigned and streamlined user interface to enable faster and more efficient navigation.
  • The StraitsX platform enables individual users to transfer, mint and redeem XSGD with a connected bank account, in addition to spending their XSGD with various digital asset platforms.
  • We hope to continue to bring value to our users in Southeast Asia through the StraitsX platform and the StraitsX stablecoins."

Webtel.mobi Describes Impassable Barriers to Proposed CBDC Creation – Already Transcended by Its TUV Digital Currency

Friday, October 8, 2021 - 1:00pm

A primary question re: CBDC creation is therefore: what are its adherents trying to create and why because Central Bank Digital Money already exists?

Key Points: 
  • A primary question re: CBDC creation is therefore: what are its adherents trying to create and why because Central Bank Digital Money already exists?
  • The second variation is a Retail CBDC, which would be Central Bank issued Digital Money issued to, accessible to, and usable by the public.
  • WMs TUV Digital Currency has extreme security features built into it that are unique to each TUV.
  • WMs TUV provides full Global acquisition, storage, transfer, payment, Convertibility between currencies, convertibility back to a Fiat currency, return to bank accounts and various other essential requirements for a functional Global Digital Currency.

EMTECH and Hedera Hashgraph Join Forces for Highly Performant, Trusted and Energy Efficient Central Bank Blockchain Infrastructure

Friday, October 8, 2021 - 11:00am

In developing a cash-like central bank digital currency, we know scalability, resilience and performance are expected, said EMTECH CEO and co-founder Carmelle Cadet.

Key Points: 
  • In developing a cash-like central bank digital currency, we know scalability, resilience and performance are expected, said EMTECH CEO and co-founder Carmelle Cadet.
  • CBDC is more than a software application, its an infrastructure, and we want to get it right.
  • EMTECH was recently named Central Banking Journal 2021 FinTech and RegTech Finnovator of the Year, for its Modern Central Bank Sandbox Platform.
  • In addition to Hedera Hashgraph, recent EMTECH partners include Bank of Ghana, Central Bank of the Bahamas, and WiPay Caribbean.

Babylon Project 2.0: World Blockchain Hackathon in the Metaverse

Friday, October 8, 2021 - 3:00am

SAN FRANCISCO, CA, Oct 8, 2021 - (ACN Newswire) - The World Blockchain Hackathon returns this month with Babylon Project 2.0, its second annual virtual hackathon, focusing on the decentralized web.

Key Points: 
  • SAN FRANCISCO, CA, Oct 8, 2021 - (ACN Newswire) - The World Blockchain Hackathon returns this month with Babylon Project 2.0, its second annual virtual hackathon, focusing on the decentralized web.
  • The Babylon Project is a hackathon initiative committed to democratizing access to global innovation and the adoption of blockchain and distributed ledger technologies.
  • The broadest vision of the World Blockchain Hackathon is a future ecosystem in which blockchain innovation becomes the standard backbone for impenetrably secure, fast-moving, intelligent global technologies of all kinds.
  • Other partners include Alchemy, Investinu Group, Blockchain Council, PIABO PR, Waterdrip Capital, Crypto Chicks, Women in Blockchain Talks, Women Who Code Blockchain, Blockchain Acceleration Foundation, Blockchain Founders Fund, WEVE Acceleration, Qubic Labs, Flat 6 Labs, B4H, Blockchain by Women, and Kerala Blockchain Academy.

CBDCs are Designed to be Very Stable; Majority of Central Banks Exploring CBDCs: IMF

Friday, October 1, 2021 - 3:00pm

Central Banks around the world are rushing in to think about CBDCs as it is very appealing for Central Banks to go along with technological progress.

Key Points: 
  • Central Banks around the world are rushing in to think about CBDCs as it is very appealing for Central Banks to go along with technological progress.
  • Also, there could be a lot of innovations in Central Banks issued digital currencies, especially across payments, lending platforms.
  • Secondly, CBDCs might undermine existing banks so banks need to upgrade their technologies to compete.
  • However, there are a lot of discussions going on between Central Banks of various countries to make the cross-border payments cheaper.

CBDCs are Designed to be Very Stable; Majority of Central Banks Exploring CBDCs: IMF

Friday, October 1, 2021 - 3:00pm

Central Banks around the world are rushing in to think about CBDCs as it is very appealing for Central Banks to go along with technological progress.

Key Points: 
  • Central Banks around the world are rushing in to think about CBDCs as it is very appealing for Central Banks to go along with technological progress.
  • Also, there could be a lot of innovations in Central Banks issued digital currencies, especially across payments, lending platforms.
  • Secondly, CBDCs might undermine existing banks so banks need to upgrade their technologies to compete.
  • However, there are a lot of discussions going on between Central Banks of various countries to make the cross-border payments cheaper.