Visa has announced plans to offer central banks and financial institutions a central bank digital currency (CBDC) offering in Q2 2022. The payment provider developed the Visa CBDC Payment Module... read more
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Project Helvetia, a joint initiative between The Bank for International Settlements’ Innovation Hub (BISIH) Swiss Centre, the Swiss National Bank (SNB) and the financial infrastructure operator SIX, has reached the... read more
The post Project Helvetia successfully tests wholesale CBDC settlement with banks appeared first on Payments Cards & Mobile.
People’s Bank of China’s (PBOC) has released a pilot versions of its e-CNY, digital yuan wallet application on app stores as the central bank steps up its push to develop... read more
The post People’s Bank of China launches Android and iOS wallet apps for digital yuan appeared first on Payments Cards & Mobile.
Banque de France (BdF), Swiss National Bank (SNB) and Bank for International Settlements’ (BIS) Innovation Hub have successfully completed Project Jura, an experiment in cross-border wholesale CBDC, in collaboration with Accenture, Credit Suisse, Natixis, R3, SIX Digital Exchange and UBS.... read more
The post BdF, SNB and BIS complete Project Jura cross-border wCBDC experiment appeared first on Payments Cards & Mobile.
The transition to electronic money continues at pace and has been accelerated by Covid-19. The Bank of England (the Bank) reports that around 95% of the funds that people hold... read more
The post UK CBDC – Threat or Opportunity for payments industry? appeared first on Payments Cards & Mobile.