Central Bank Digital Currency

EMTECH CEO Carmelle Cadet Testifies Before U.S. House of Representatives on the Future of Blockchain and Central Bank Digital Currency

Retrieved on: 
Tuesday, June 15, 2021
Professional services, Technology, Finance, Software, Banking, Internet, Articles, Money, Economy, Cryptocurrencies, Decentralization, Bitcoin, Blockchain, CBDC, Digital currency, Central bank, Cash, Central Bank Digital Currency

Her testimony before the House Committee draws on her work with other central banks as EMTECH CEO, as well as more than ten years at IBM, including IBM Blockchain Financial Services.

Key Points: 
  • Her testimony before the House Committee draws on her work with other central banks as EMTECH CEO, as well as more than ten years at IBM, including IBM Blockchain Financial Services.
  • Presenting before the committee on June 15, 2021, Cadet lent powerful expertise and direction on technological infrastructure, privacy, and financial inclusion implications of central bank digital currencies (CBDC).
  • Further, Cadet provided guidance on how CBDC could benefit every American and a technological framework for utilizing cryptographic technology and blockchain.
  • Digital Cash issued by the central bank can reflect and strengthen American values implicit in sovereign control of currency, while enhancing the competitiveness of the U.S. currency as well as U.S. financial technology, Cadet told the House Committee.

NuriFlex Inc. and LINE Plus Corporation Sign MoU for Central Bank Digital Currency (“CBDC”) Projects

Retrieved on: 
Thursday, May 27, 2021
Technology, Finance, Utilities, Banking, Other Technology, Professional services, Software, Energy, Data management, Articles, Money, Decentralization, Central Bank Digital Currency, Monetary reform, Numismatics, Technology, CBDC, Cryptocurrencies, Blockchain, Digital currency, NuriFlex Inc., LINE Plus Corporation, NURIFLEX INC., LINE PLUS CORPORATION

NuriFlex Inc. (NuriFlex) announced that it has signed a memorandum of understanding (MoU) with LINE Plus Corporation (LINE), and the two companies intend to collaborate in the Central Bank Digital Currency (CBDC) platform business in various regions, including but not limited to the Caribbean, South America and Africa.

Key Points: 
  • NuriFlex Inc. (NuriFlex) announced that it has signed a memorandum of understanding (MoU) with LINE Plus Corporation (LINE), and the two companies intend to collaborate in the Central Bank Digital Currency (CBDC) platform business in various regions, including but not limited to the Caribbean, South America and Africa.
  • Combining these experiences with blockchain technology, NuriFlex intends to work with a very reputable global partner, LINE Plus Corporation, on global CBDC projects that require a platform that can handle vast volumes of data.
  • LINE Plus Corporation, the Korea-based subsidiary of LINE Corporation leading LINEs global business development, has been researching, developing, and operating blockchain-related services including a CBDC blockchain platform with a dedicated blockchain engineering team.
  • LINE Plus Corporation was established in March 2013 in South Korea as a subsidiary of LINE Corporation.

ETA Releases '7 Guiding Principles' for Creation of U.S. CBDC

Retrieved on: 
Wednesday, May 5, 2021
Articles, Business, Economy, Central Bank Digital Currency, Monetary reform, Numismatics, CBDC, Central bank, ETA, Burakumin, Payment

b'WASHINGTON, May 5, 2021 /PRNewswire/ --The Electronic Transactions Association (ETA) today released its "7 Guiding Principles for CBDC," which should guide the consideration of the creation of a U.S. Central Bank Digital Currency (CBDC).\nETA believes there is a common set of principles against which any proposed CBDC should be measured.

Key Points: 
  • b'WASHINGTON, May 5, 2021 /PRNewswire/ --The Electronic Transactions Association (ETA) today released its "7 Guiding Principles for CBDC," which should guide the consideration of the creation of a U.S. Central Bank Digital Currency (CBDC).\nETA believes there is a common set of principles against which any proposed CBDC should be measured.
  • "These \'7 Guiding Principles for CBDC\' are designed to evaluate whether the benefits of any proposal outweigh the negatives and significantly enhance the innovative, ubiquitous, and secure payments ecosystem that currently makes access to financial services a reality.
  • "\nAs the leading trade association for the digital transactions industry, ETA recommends that these principles guide the creation of any CBDC.\nThe Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies.
  • ETA members make commerce possible by processing approximately $22.5 trillion annually in purchases worldwide and deploying payments innovation to merchants and consumers.\nView original content to download multimedia: http://www.prnewswire.com/news-releases/eta-releases-7-guiding-principle...\n'

IDEX Biometrics & Chutian Dragon to Jointly Develop Advanced Digital Currency Solutions

Retrieved on: 
Wednesday, May 5, 2021
Articles, Economy, Money, Monetary reform, Central Bank Digital Currency, Numismatics, IDEX Biometrics, CBDC, Digital currency, Payment, Central bank

Chutian Dragon, one of Asia\xe2\x80\x99s largest smart card manufacturers, is a leading participant in the Digital Currency/Electronic Payment National Project initiative and, as China accelerates the deployment of Central Bank Digital Currency (CBDC) infrastructure, well-positioned to be a frontrunner in delivering secure, card-based, digital currency applications.

Key Points: 
  • Chutian Dragon, one of Asia\xe2\x80\x99s largest smart card manufacturers, is a leading participant in the Digital Currency/Electronic Payment National Project initiative and, as China accelerates the deployment of Central Bank Digital Currency (CBDC) infrastructure, well-positioned to be a frontrunner in delivering secure, card-based, digital currency applications.
  • However, central bank sponsorship fosters confidence in the concept of a digital currency.\nSusan Su, Chief Executive Officer of Chutian Dragon, stated, \xe2\x80\x9cWe are pleased to be working with IDEX Biometrics on our latest Digital Currency/Electronic Payment card products.
  • Protecting stored value of digital currency for individuals is recognized as an important use-case in the deployment of Digital Currency/Electronic Payment.
  • Chutian Dragon established position in the Chinese market and its early leadership in Digital Currency/Electronic Payment makes the company an ideal partner for us.\xe2\x80\x9d\n'

Digital Dollar Project to Launch Pilot Programs to Explore Designs and Uses of a U.S. Central Bank Digital Currency

Retrieved on: 
Monday, May 3, 2021
Professional services, Data management, Technology, Software, Finance, Networks, Banking, Money, Economy, CBDC, Central Bank Digital Currency, Financial services, Foreign exchange market, J. Christopher Giancarlo, Digital currency, Central bank, Currency, The Digital Dollar Project, Accenture, The Digital Dollar Foundation, THE DIGITAL DOLLAR PROJECT, ACCENTURE, THE DIGITAL DOLLAR FOUNDATION

b'The Digital Dollar Project (DDP) will launch at least five pilot programs over the next 12 months with interested stakeholders and DDP participants to measure the value of and inform the future design of a U.S. central bank digital currency (CBDC), or \xe2\x80\x9cdigital dollar.\xe2\x80\x9d\nThis press release features multimedia.

Key Points: 
  • b'The Digital Dollar Project (DDP) will launch at least five pilot programs over the next 12 months with interested stakeholders and DDP participants to measure the value of and inform the future design of a U.S. central bank digital currency (CBDC), or \xe2\x80\x9cdigital dollar.\xe2\x80\x9d\nThis press release features multimedia.
  • To express interest, please email [email protected] .\nThe Digital Dollar Project is a partnership between Accenture and the Digital Dollar Foundation to advance the exploration of a United States Central Bank Digital Currency (CBDC).
  • Visit us at www.accenture.com .\nThe Digital Dollar Foundation is a not-for-profit organization created to support the Digital Dollar Project\xe2\x80\x99s efforts to advance the exploration of a United States Central Bank Digital Currency to advance the needs of global financial systems and consumers.
  • The Foundation is led by the Honorable J. Christopher Giancarlo, Charles H. Giancarlo and Daniel Gorfine.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210503005330/en/\n'

Crunchfish goes global within CBDC, having solved offline and private payments

Retrieved on: 
Wednesday, April 28, 2021
Money, Economy, Financial services, Central Bank Digital Currency, Monetary reform, Numismatics, CBDC, Debit cards, Central bank, Digital currency, Payment, Visa Inc.

b'STOCKHOLM, April 28, 2021 /PRNewswire/ -- Central Banks around the world are evaluating and piloting Central Bank Digital Currency (CBDC) implementations where offline and private payments are key requirements.

Key Points: 
  • b'STOCKHOLM, April 28, 2021 /PRNewswire/ -- Central Banks around the world are evaluating and piloting Central Bank Digital Currency (CBDC) implementations where offline and private payments are key requirements.
  • As Crunchfish Digital Cash solution offer these capabilities the company has decided to pursue a global strategy within CBDC, broadening focus from Sweden and India only.
  • Bank of International Settlement acts as a bank for Central Banks and supports Central Banks\' pursuit of monetary and financial stability through international cooperation, where the Offline Payments Workstream is one of such initiatives.
  • The presentation outlined a detailed comparison of Crunchfish\'s Digital Cash vs. VISA\'s Offline Payment System for CBDC.

Crunchfish goes global within CBDC, having solved offline and private payments

Retrieved on: 
Wednesday, April 28, 2021
Money, Economy, Financial services, Central Bank Digital Currency, Monetary reform, Numismatics, CBDC, Debit cards, Central bank, Digital currency, Payment, Visa Inc.

b'STOCKHOLM, April 28, 2021 /PRNewswire/ -- Central Banks around the world are evaluating and piloting Central Bank Digital Currency (CBDC) implementations where offline and private payments are key requirements.

Key Points: 
  • b'STOCKHOLM, April 28, 2021 /PRNewswire/ -- Central Banks around the world are evaluating and piloting Central Bank Digital Currency (CBDC) implementations where offline and private payments are key requirements.
  • As Crunchfish Digital Cash solution offer these capabilities the company has decided to pursue a global strategy within CBDC, broadening focus from Sweden and India only.
  • Bank of International Settlement acts as a bank for Central Banks and supports Central Banks\' pursuit of monetary and financial stability through international cooperation, where the Offline Payments Workstream is one of such initiatives.
  • The presentation outlined a detailed comparison of Crunchfish\'s Digital Cash vs. VISA\'s Offline Payment System for CBDC.

Roxe to Help Spark Global Economic Growth by Offering Free Central Bank Digital Currency Program

Retrieved on: 
Wednesday, March 24, 2021
Technology, Finance, Security, Banking, Other Technology, Professional services, Software, Networks, Data management, Other Professional Services, Articles, Business, Economy, Central Bank Digital Currency, Currency, Monetary reform, Numismatics, Business opportunities, Small business, CBDC, Community business development corporation, Central bank

Roxe , a next-generation global payment network, today announced it will provide 113 qualifying central banks with free, complete access to its global Central Bank Digital Currency (CBDC) payment network.

Key Points: 
  • Roxe , a next-generation global payment network, today announced it will provide 113 qualifying central banks with free, complete access to its global Central Bank Digital Currency (CBDC) payment network.
  • Each central bank will be able to issue, manage, and distribute its own CBDC worldwide while interoperating with other CBDCs on the Roxe network.
  • The Roxe network increases CBDCs global circulation and liquidity by interconnecting them with a global payment system that includes non-bank payment providers, domestic and foreign banks, and cross-border remittance companies.
  • These countries stand to benefit most from a CBDC, reducing payment inefficiencies while providing citizens with an on-ramp to digital payments and global financial inclusion.

IDEX Biometrics Selected as Strategic Technology Partner for Goldpac’s DC/EP Hardware Wallet Initiative

Retrieved on: 
Wednesday, March 17, 2021
Identification, Biometrics, Access control, Cryptography, Authentication, IDEX Biometrics, IDEX, Central Bank Digital Currency, CBDC, Digital wallet, Cryptocurrency wallet, Fingerprint

Oslo, Norway 17 March 2021 - IDEX Biometrics ASA,a leading provider of advanced fingerprint identification and authentication solutions, have been selected, to be the strategic technology partner, by Goldpac Group Ltd (Goldpac), on their Digital Currency/Electronic Payment (DC/EP) hardware-based digital wallet (hardware wallet) initiative.

Key Points: 
  • Oslo, Norway 17 March 2021 - IDEX Biometrics ASA,a leading provider of advanced fingerprint identification and authentication solutions, have been selected, to be the strategic technology partner, by Goldpac Group Ltd (Goldpac), on their Digital Currency/Electronic Payment (DC/EP) hardware-based digital wallet (hardware wallet) initiative.
  • IDEX has also received a new order for fingerprint sensors to support this initiative.
  • DC/EP is the name given to the Central Bank Digital Currency (CBDC) of China and is the digital version ofthe yuan, China's national currency.
  • We are excited to have been chosen by Goldpac to be their security partner on their DC/EP strategy, said Vince Graziani, CEO of IDEX Biometrics.

Digital Cash implements CBDC swimmingly easy

Retrieved on: 
Tuesday, March 2, 2021
Articles, Economy, Money, Monetary reform, Central Bank Digital Currency, Currency, Numismatics, CBDC, Central bank, Digital currency, Banknote, Cash

Today Crunchfish announces that its Digital Cash solutions can solve Central Bank Digital Currency, CBDC implementation issues swimmingly easy, without any additional infrastructure.

Key Points: 
  • Today Crunchfish announces that its Digital Cash solutions can solve Central Bank Digital Currency, CBDC implementation issues swimmingly easy, without any additional infrastructure.
  • Crunchfish's Digital Cash makes it swimmingly easy to implement CBDC, as there is no need for additional infrastructure.
  • Central Banks in numerous countries are experimenting with Digital Currency using `tokenized value instruments' that represent physical banknotes in digital form.
  • In addition, Digital Cash is also payment services interoperable , cross-borders and cross-schemes, which is key to accelerate CBDC roll-outs and its market acceptance.