The difficult part of central bank digital currencies is adoption, said Ashok Venkateswaran, Mastercard's blockchain and digital assets lead for Asia-Pacific.Consumers are "so comfortable using today's type of money". "There isn't enough…
NEW YORK – A top motivation for central banks to issue digital currencies, the Atlantic Council reports, is “promoting financial inclusion by providing easy and safer access to money for unbanked and underbanked populations.”…
Could a central bank digital currency (CBDC) help America’s unbanked population?
It appears that way, according to a new report by the Digital Dollar Project (DDP).
The organization announced Thursday (Aug. 3)…
Central bank digital currencies (CBDCs) may not solve any problems faced today, but could be the answer to ones not even fathomed yet, says the executive spearheading Australia’s CBDC pilot. Dilip Rao, a former Ripple executive who’s…
One surprising digital dollar asset had a great 2022, and it wasn’t cryptocurrency.
While the past year saw the value of the crypto market shrink to $1.4 trillion from its 2021 high of $3 trillion, governments around the world…
The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget.The government's “2022 Fall Economic Statement” released on…
Money, one of humanity’s greatest and most enduring creations, is once again on the brink of a historic transformation. After evolving over millennia from cowrie shells to clay tablets to precious metals, and then to paper notes and bank…
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