Will the use of CBDCs improve cross-border payments? – Central Banking
Will the use of CBDCs improve cross-border payments? Central Banking Source link
payments
Mastercard, Western Union prep for CBDCs’ uncertain future | PaymentsSource
Western Union is part of a CBDC project with the Digital Dollar Project.JEAN CLAUDE COUTAUSSE/BLOOMBERG NEWS Central bank digital currency projects in Europe, the U.S. and U.K. are moving slowly and not a certainty, but payment companies are positioning themselves for the potential arrival in these markets. Mastercard last week launched a partner program for … Read more
BigTech’s growing influence in payments and financial services
Tue To, Manager at Edgar, Dunn & Company, dives into the ways in which BigTech giants are reshaping finance, blurring boundaries, and disrupting traditional banking with innovation and embedded financial services. In today’s rapidly evolving technological landscape, the convergence of innovation and finance has opened the door to a new era of possibilities. Advancements … Read more
CBDC benefits found in Digital Dollar Project’s pilot study
The Digital Dollar Project has concluded their pilot study into digital currency opportunities alongside Western Union, BDO Unibank in the Philippines, and Accenture. The Digital Dollar Project’s objective is to conduct research and explore possibilities of Central Bank Digital Currency (CBDC) in the US. CBDCs would be backed by the Federal Reserve, making them more … Read more
What are inflationary and deflationary cryptocurrencies?
In the wide expanse of the digital financial universe, cryptocurrencies shine as pioneering assets, challenging the traditional framework of economics and ushering a shift in financial transactions. They are the vanguard of financial innovation, democratizing monetary power through decentralization, and introducing an unprecedented level of transparency and security via blockchain technology. However, the world of … Read more