Digital-money technology is irresistible, and its impact is going to be much more profound than we can imagine. Money—an entity of transactable value formed by faith, not by per se value— may be seen as the mother of all inventions. It allows inventors to invent rather than get bogged down …
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Blockchain company Ripple unveiled its Ripple CBDC Platform, technology supporting central banks, governments, and financial institutions in issuing central bank digital currencies. More than 90% of the world’s countries are at some stage of development toward a CBDC, according to the Atlantic Council. Matera, a U.S.-based instant payment and QR code technology …
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A recent pilot demonstrated a number of benefits stemming from the conversion of real-world assets into their digital equivalents. Lost in the coverage of the crypto meltdown last year were some important announcements by major bank associations, such as SWIFT and the Bank for International Settlements, about the use of …
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The Digital Dollar Project early Wednesday issued recommendations that include bigger investments by the federal government in researching a tokenized digital dollar. The group also called on the United States to exert leadership internationally in setting global standards for government-issued digital currencies even if the U.S. itself ultimately refrains from …
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The SWIFT international payments network announced two tests it has completed have shown that central bank digital currencies and other tokenized assets can be handled without incident on existing processing technology.In related news, the fintech CryptoBucks said its CrytoBucks Wallet is available for download from the App Store and Google Play. The wallet allows …
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While the Federal Reserve mulls the concept of a national digital dollar, private-sector actors are working toward the same end. The Digital Dollar Project early Wednesday launched what it calls a Technical Sandbox Program in an effort, it said, to help advance understanding of the technical requirements undergirding a central …
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