Tag: digital dollar

On Wednesday, July 14, Federal Reserve Chairman Jerome Powell spoke on the topic of having a Digital Dollar during the hearing before the U.S. House of Representatives Financial Services Committee. The Fed Chairman said that one of the major reasons for the U.S. Central Bank to have digital currency in place is that it will The post Fed Chairman: The World Won't Need...

On Thursday, June 10, the Central Bank of Nigeria (CBN) announced that it preparing for the launch of the central bank digital currency (CBDC) aka Digital Naira and that should happen before the end of 2021. Rukayat Mohammed, the Director...

After testing its Digital Renminbi use in some of the small cities, China is now planning a big CBDC giveaway for Beijing residents. The Chinese government has planned a 40 million renminbi ($6.2 million) lottery giveaway in form of...

On Monday, May 24, Federal Reserve Governor Lael Brainard backed the idea of a central bank digital currency (CBDC) and stated that it could bring along a variety of benefits. The Fed Governor also added that having a Digital Dollar will...

Co-founded by consulting giant Accenture, The Digital Dollar Project (DDP) is all set to kickstart pilot tests for the U.S. central bank digital currency (CBDC) over the next year to test its design and use cases. For this,...

The Chinese central bank - People's Bank of China (PBoC) - has expedited its efforts on launching its central bank digital currency (CBDC) Digital Yuan. However, the U.S. isn't quite...

Alipay and WeChat Pay the two dominant players in China's online payments marketplace are all set to see tough competition from the country's very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the The post China's CBDC All Set To Eat...

The U.S. Fed chairman Jerome Powell said that Bitcoin is a speculative asset like gold and does not see it as a replacement for the American dollar. And certainly not a digital dollar. Fed Not Worried About Bitcoin Powell spoke at the Innovation Summit by the Bank of International Settlements (...

Speaking before the Senate Banking Committee on Feb. 23, Federal Reserve chair Jerome Powell said that developing a digital dollar for the United States is a "high priority." Shifting Gears for Digital Dollar In the past, Powell has...

"Crypto dad" made his case for the next evolution of America's greenback.

A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core.

"We have not made a decision to issue a CBDC," said Fed Chairman Jerome Powell in his speech during today's International Monetary Fund (IMF) event devoted to the cross-border payments. The Slow and Careful Rollout of America's CBDC The Fed's chair was questioned about whether...

Former Ripple CEO and co-founder Chris Larsen recently spoke out his mind on crypto regulations in the U.S. and the lack of clarity. Speaking to the Fortune reporter Jeff John Roberts, Larsen said that...

The president and CEO of the Federal Reserve Bank of Cleveland, Loretta J. Mester, revealed plans for a new digital dollar on Wednesday. The plans outline a complete overhaul of the existing system, eliminating commercial banks, and...