Tag: CBDC

From Vision to Reality: BSP’s Two-Year Plan for Wholesale CBDC Implementation

Governor Eli Remolona Jr. recently unveiled the BSP's ambitious endeavour, emphasizing a departure from blockchain technology in favour of a wholesale CBDC model. ...

Nigeria’s Crypto Renaissance: ASC’s cNGN Stablecoin Signals Progress in Web3

On January 4, the ASC officially announced the launch of the cNGN stablecoin scheduled for Tuesday, February 27, 2024. The success of the...

8 countries building on Ripple’s CBDC platform

Ripple's CBDC platform has found favor in the eyes of eight countries, which have all taken a leap of faith and begun building...

CBDCs vs. Cryptocurrencies: Clash of the digital currency titans

Bitcoin was the first cryptocurrency adopted by an African nation as legal tender; Africa's first CBDC was Nigeria's eNaira. Even though the CAR...

Australian CBDC (eAUD): First CBDC to cross borders

The inaugral transaction occurred between crypto fund managers DigitalX and TAF Capital, who exchanged eAUD for a stablecoin called USDC. Australia played a...

Ripple Unveils CBDC Platform to help governments launch and manage their CBDCs

Ripple's CBDC Platform is designed to streamline the processes of minting, managing, transacting, and redeeming CBDCs and stablecoins. The platform offers ledger technology...

China to pay civil servants in Digital Yuan CBDC

The Chinese government revealed that public servants in a selected city will receive their salaries in digital renminbi (RMB) or digital Yuan starting...

New CBDC possibilities: Attain CAR citizenship through the Sango coin CBDC

CAR announced that individuals could attain CAR citizenship by bonding $60000 worth of Sango tokens for five years. The organization behind the launch...

UK seeks cryptocurrency regulation before “Britcoin” CBDC launch

The UK government opened a public consultation on cryptocurrency regulation The Bank of England simultaneously released a consultation paper on "Britcoin" There could...

The UK searches for head of CBDC, edges closer to a digital Pound Sterling

The Bank of England is working with His Majesty's Treasury to explore the feasibility of a CBDC A recent post on LinkedIn revealed...

South Africa inches closer to a CBDC fast follower nation

Speaking at the World Economic Forum in Davos, Switzerland, the governor outlined South Africa's plans to roll out a CBDC The apex bank...

One year into Nigeria’s adoption of the eNaira

The eNaira has been crippled by low adoption, poor utility and the problems of the fiat Naira The CBDC was launched under the...

African countries working on Central Bank Digital Currencies

How many African countries are looking at central bank digital currencies, and how far are they? Only Nigeria has an active CBDC, South Africa and Ghana have a CBDC in the pilot phase while Mauritius and the Central African Republic have CBDCs coming soon

Raila and Ruto: In whose hands is crypto and blockchain safe?

Among the key agendas that the next government has no option but to offer a solution to is the talk around economic recovery. Kenyans have experienced challenging economic situations as food prices continue to stir