The price of XRP has risen over 10% in the past 24 hours. Ripple’s CBDC Private Ledger allows central banks to access a network of CBDC Ledgers. To pilot a central bank digital currency (CBDC) utilizing Ripple’s CBDC Private Ledger, Ripple announced a partnership with Bhutan’s Royal Monetary Authority (RMA).
Argentina’s President has shown interest and support for crypto assets. Pesce appears to be threatening a crackdown on the industry. He also rejected the decision regarding CBDC. Alberto Fernandez, President of Argentina, has shown interest and support for crypto assets, stating there is no specified reason to push back against
In October, Venezuela will give its federal money, the Bolívar, a facelift. In addition to the restructuring, the central bank plans to establish its digital central bank (CBDC) – the digital bolivar. A new Bolívar Coin, banknotes of 5 to 100 Bs, is being launched by the Latin American country
BCB proposed significant Migration to Digital Payments The move to virtual payments will involve the use of CBDC. Brazil could be ready for a digital currency next year. Brazilian Central bank (BCB) director, Joao Manoel Pinho de Mello, mentioned that a significant migration from fiat currency to digital means of
CBN announces the Launch of Central Bank Digital Currency Nigeria is one of the countries still resisting the crypto revolution. CBDC referred to as the pilot program “GIANT”. Central Bank of Nigeria (CBN) on Thursday revealed its launch of highly awaited digital currency. During a private webinar, CBN Director, IT
A central bank cryptocurrency is most likely required for a competitive digital economy, the Bank of Canada said in a staff paper released on Tuesday. A CBDC would give purchasers a non-bank choice to store their money hazard-free. Thus, expanding the contest on the lookout for retail stores, contend the
The rapid overtake by cryptocurrencies has surely haunted many Central and National Banks around the world. Despite all this, no proper solutions could aid the Reserve banks to stand tough against the ever-rising crypto market. However, New Zealand came up with a long-awaited solution for this, by introducing the Central
An American attorney and former business executive, Chris Giancarlo, the former Chairman of the US Commodity Futures Trading Commission. One of the few high-profile officials who served under the administrations of both Obama and Trump. As the former Chairman of Commodity Futures Trading Commission, Giancarlo’s last venture was a digital
The recent reveal of the news upon introduction of Digital Dollar has created wide speculations. Debates are everlasting based upon the fact that the digital dollar could affect Bitcoin (BTC) and other cryptocurrencies too. In Spite of all this, many crypto investment firms have said that the digital dollar would
Bank of Korea Launches Pilot Program for its CBDC. A total of $4.4 million allocated for the trial. Deciding about an offer for the pilot program is expected from Samsung. The Bank of Korea launches a Pilot program for its central bank digital currency (CBDC). But issuing it is a
