Technology
BankingPBOC Official Says CBDC Must be Available in All Retail Scenarios
- The head of China’s central bank digital currency institute said the e-CNY has undergone a major upgrade, and should be made available as an option in all retail scenarios.
- The PBOC official noted that platforms can integrate the CBDC in the short term using QR codes, and focus on upgrading their payment tools in the long run.
September 4, 2023, 11:31 AM
Office building of the People’s Bank of China. Flickr
Russia to Launch Real Consumer CBDC Trials in April
- Planned for 1 April, the CBDC trial will involve real consumers and real transactions, though they will be limited to a certain number of customers and transfers.
- The pilot, however, will not be opened to the general public in its first phase, and will only be opened to customers chosen by the 13 participating local banks.
February 17, 2023, 4:50 PM
Central Bank of Russia building in Moscow. Mistervlad/Shutterstock
SWIFT Partners With Chainlink on Cross-Chain Project
- The proof-of-concept project will see SWIFT use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect to most blockchain environments.
- CCIP will allow the interbank messaging system to instruct on-chain token transfers, further accelerating the adoption of blockchain technology.
September 29, 2022, 7:15 PM
Shutterstock
Australia to Explore CBDC Use Cases in Research Project
- The Reserve Bank of Australia will collaborate with DFCRC, a $180 million research program, to explore use cases and potential benefits of CBDC in Australia.
- The research project will also feature a “limited-scale” CBDC pilot, which will operate in a ring-fenced environment.
August 9, 2022, 5:23 PM
The famous Sydney Opera House, Sydney, Australia, November 2015. myphotobank.com.au/Shutterstock
May 24, 2021
Korea’s Central Bank Looking For Partner to Build CBDC Pilot
- The Bank of Korea has launched a bidding process to choose a tech partner for studying the practicalities of launching a CBDC.
- Expected to run between August and December, the pilot will include simulations for commercial banks and retail outlets, fund transfers, deposits, and mobile payment tests.
Apr 28, 2021
J.P. Morgan, DBS Bank to Work on Blockchain-Based Payments Platform
- The new company, called Partior, will use blockchain and digitised commercial bank money to disrupt the traditional payments model.
- Partior will also be designed to complement ongoing Central Bank Digital Currencies initiatives and use cases.
Apr 15, 2021
GMO Trust Selects Zero Hash For Yen-Backed Stablecoin Settlement
- Zero Hash’s settlement network will now support GMO Trust’s dollar and yen backed stablecoins, GYEN and ZUSD.
- The partnership aims to eliminate the typical bottlenecks for cross-border JPY transfers and settlements.
Apr 14, 2021
ECB Releases Results From CBDC Public Consultation
- The European Central Bank received over 8,200 responses on its digital euro public consultation, 94% of which were from private citizens.
- The top priority for 43% of citizens and professionals who responded was for their payments to remain private.
Apr 14, 2021
South Korea’s Shinhan Bank Joins Hedera Governing Council
- The South Korean bank has been providing DLT-based services, such as policy loans, pension funds, and interest rate swap deals, since 2017.
- Other members of Hedera’s governing council include organizations such as Google, IBM, LG Electronics and Tata Communications.
Apr 13, 2021
EIB to Issue Bonds Using Blockchain Technology
- The European Investment Bank has hired Goldman Sachs, Banco Santander and Société Générale to look into bonds issued on a blockchain.
- An initial investor meeting is reportedly set to start on 15 April.