SAVE THE DATE! 📅 24 FEBRUARY
We're hosting a live webinar with
@Accenture
,
@quant_network
,
@Ripple
,
@SDX_global
, and on 'Digital Money: Global markets and the coming revolution in cross-border settlement'.
Register now 👉
.
@Ripple
have released a new two-part series on the use of CBDC for financial inclusion, which we highly recommend checking out!
Part 1:
Part 2:
#Ripple
#XRP
#CBDC
We’re excited to announce the launch of the
#DigitalPoundFoundation
- an organisation that is helping to drive the implementation of a well-designed
#DigitalPound
:
Digital Pound Foundation member,
@Ripple
, recently hosted a webinar on CBDCs in the Americas, including the implications, opportunities and adoption. For a full overview on what was discussed, head over to Ripple's website:
...
#Americas
#CBDC
#Ripple
#CBDCs
will play a critical role in the new global financial infrastructure that
#blockchain
technologies will undoubtedly underpin. But, for a truly global system to work, interoperability is key -
@Ripple
Register to watch this webinar from
#Ripple
👉
Yesterday,
@digitalpoundfdn
member
@Ripple
launched their 'CBDC Innovate' challenge to promote the building of applications for financial inclusion, interoperability and retail CBDCs upon the XRP ledger.
Find out more:
...
#Ripple
#XRP
#CBDC
#Ripple
announced today that they will be collaborating with the Central Bank of Montenegro (
#CBCG
) to develop a strategy and pilot programme to launch the country’s first
#digitalcurrency
in the form of a
#CBDC
or national
#stablecoin
👉
Earlier this year, we shared some of our predictions on the future of global
#payments
. And looking back, it seems like we didn't stray too far from the mark. Let us know what your payments predictions are for 2022!
Congratulations to our SteerCo Members, John Velissarios and Dr. Ousmène Jacques Mandeng of Accenture, for joining
@Ripple
's
#CBDC
Innovate Challenge panel of judges:
"Different systems and different CBDCs will need to be able to efficiently work together, or it will hamper the ability of businesses and consumers to make frictionless cross-border payments using CBDCs" - SWIFT
👉
...
#SWIFT
#CBDC
#Blockchain
#Crypto
Project Rosalind, the Bank of England and Bank for International Settlements’ retail
#CBDC
project, was underpinned by the Overledger Platform. Today,
#Quant
announced the platform is now available to all via software-as-a-service 👉
Well-designed
#CBDCs
not only offer a secure and reliable means of performing digital transactions, they can also help to solve some of the world’s biggest challenges. Read the latest blog from
@Ripple
👉
...
#Ripple
#CBDC
#Fintech
#Blog
Today, the Bank of
#Korea
shared the results of their
#CBDC
simulations. Whilst they were happy with some aspects of its
#DigitalWon
simulations, it found the overall performance of the
#Ethereum
-based blockchain insufficient 👉
The EU brings crypto-assets, crypto-assets issuers and crypto-asset service providers under a regulatory framework for the first time:
...
#Europe
#Crypto
#Stablecoins
The Bank of England and the Massachusetts Institute of Technology (MIT) have agreed to collaborate on a twelve-month research project on Central Bank Digital Currency (CBDC):
...
#DigitalPound
#CBDC
#Crypto
According to
@Ripple
, more than 70% of respondents surveyed across five global regions believe
#CBDCs
stand to deliver major social change within the next 5 years. Check out their recent article to learn more about how CBDC can drive financial inclusion 👉
Susan Friedman (
@ss_friedman
), Head of Policy at
@Ripple
, talks about their activities in the
#UK
and why
#London
is the perfect environment to help foster a healthy and vibrant ecosystem for
#digitalcurrencies
. Watch the full interview here 👉
CBDCs are a global phenomenon. That's why we're teaming up with
@DigiEuro
to bring new forms of digital money to the UK and beyond. Together we'll contribute to the public debate, whilst providing the much-needed platforms for policy-makers, technologists, and economists.
#Ripple
will lead tomorrow's live
#webinar
at 4pm GMT, in which their VP of Central Bank Engagements and CBDCs, James Wallis, will touch upon some of the use cases for
#CBDCs
, and, more specifically, a
#digitalPound
. Register here (it's free) 👉
Last week the Bank of Japan announced that they will be moving onto Phase 2 of its CBDC development in April, which includes the use of a test environment that was developed in Phase 1:
...
#Japan
#CBDC
#Yen
A visualization from Ripple’s New Value Report suggests the potential for central bank digital currencies (CBDCs) has generated an overwhelming consensus among financial institutions:
...
#Ripple
#CBDC
Check out the latest episode of Block Stars, featuring David Schwartz and Antony Welfare (Senior Advisor at
#Ripple
), in which they discuss the opportunity for
#DLT
technology to support a
#CBDC
system:
Today, we published our response to the latest House of Lords CBDC report. In short, the report was narrow in scope, and did not consider the extensive work being undertaken in other jurisdictions. Read our full response:
#DigitalPound
#CBDC
#Crypto
#DLT
Last week, the
@CentralBankJA
reported the successful completion of their CBDC pilot project. According to the release, they are expecting a national roll-out of the central bank digital currency during the 1st quarter of this year:
India’s central bank, the Reserve
#Bank
of
#India
(RBI), has reportedly asked four public sector banks to run a pilot Central Bank Digital Currency (
#CBDC
) project ahead of a possible rollout in this financial year. Find out more:
#SWIFT
connects over 11,500
#banks
and financial institutions across more than 200 countries, facilitating the daily transfer of trillions of dollars. Their new
#CBDC
platform aims to provide a unified global connection point for
#digitalasset
#payments
👉
We are pleased to announce the addition of
@ModulrFinance
to the Digital Pound Foundation’s membership community, further strengthening our ability to advocate for the societal benefits that arise from a variety of new forms of digital money 👉
The United States, thanks to Project Cedar, has moved into development of a central bank digital currency and joined its colleagues at the European Central Bank, the Bank of Japan, and the Bank of England in making the leap forward 👉
...
#US
#CBDC
#Dollar
A digital Pound could take many forms: CBDC, stablecoin, or otherwise. We aim to support all new forms of digital money. With the collective knowledge of our members, we are working towards a positive and inclusive future for digital finance in the UK 👉
We speak with
@Ripple
about the benefits of introducing digital currencies globally, inc. fostering innovation, financial inclusion, payment efficiency, and environmental resources. Watch the full interview 👉
...
#Ripple
#DigitalPound
|
@ss_friedman
The Bank of Ghana (BoG) has released their CBDC design paper with a key focus on offline use, ensuring rural unconnected communities are able to use the proposed eCedi digital currency:
...
#Ghana
#CBDC
#eCedi
#Currency
The panel discussion 'CBDC Leaders: How much global coordination are we seeing?' will take place on 26 April at the upcoming FT Live event, and will feature panelists from VISA and MIT. Learn more about the panel here:
...
#FTCrypto
#CBDC
#Quant
#VISA
#MIT
Looking for a deeper understanding of the potential benefits a
#DigitalPound
and
#CDBC
projects globally can bring? Check out this paper the
#DigitalPoundFoundation
published back in October 2020:
We speak with
#Ripple
about their reasons for joining the Digital Pound Foundation, and how the group's collective works are essential for fostering digital currencies in the
#UK
. Watch the full interview 👉
...
#Stablecoins
#CBDCs
#Blockchain
#Technology
The Bank of England (BOE) is seeking a “proof of concept” for a wallet that will be able to hold a central bank digital currency 👉
...
#UK
#DigitalPound
#CBDC
#Pound
#GBP
Founder and CEO of Quant, Gilbert Verdian, has contributed a new article on behalf of the Digital Pound Foundation, entitled 'Cybersecurity and risk considerations for CBDCs'.
Read it here 👉
...
#CBDC
#Cybersecurity
#Quant
@quant_network
@gverdian
New report issued by the
@ecb
: “The holy grail of cross-border payments is a solution that allows cross-border payments to be settled in an instant, cheap, universal and secure settlement medium" 👇
Solution❓
#Crypto
#Stablecoins
#CBDC
#Fintech
Report:
We have a fantastic cohort of members who are helping us develop comprehensive insights into the design and implementation of a
#digitalPound
, whether that's in the form of a
#CBDC
,
#Stablecoin
,
#Tokenized
Deposit, or otherwise. Want to get involved? 👉
This week has seen the introduction of a CBDC design paper from the Central Bank of Nigeria, minutes from the UK's first CBDC Technology Forum, and news of France testing CBDCs for the settlement of government bonds:
Yesterday’s statement from the
#UK
government on
#cryptoasset
technology and investment is a welcome sight, as it represents the scale and importance of the innovations that are taking place across the global
#finance
sector. We must stress though, this is just the beginning.
Israel's central bank is teaming up with the Hong Kong Monetary Authority and the Bank of International Settlements' (BIS) Innovation Lab to test the feasibility of a central bank digital currency (CBDC) for retail:
...
#Israel
#BIS
#HongKong
#CBDC
In case you missed it last week, Bank of England governor Andrew Bailey said at the House of Lords’ Economic Affairs Committee on Tuesday that a ‘regulated’ central bank digital currency is the preferred option:
Susan Friedman from
@Ripple
will be joining our panellists to discuss how a digital Pound could facilitate greater financial inclusion. Register your place here:
...
#DigitalPound
#CBDC
#Ripple
#XRP