DFC

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Move away from cash threatens to strand millions of Britons | Financial Times
Move away from cash threatens to strand millions of Britons | Financial Times
"The report said moving away from cash was not “impossible or even undesirable”, but it cautioned that certain groups of people — including the old and disabled, and those in rural areas with poor internet connections — would suffer if they lose some of the control provided by notes and coins and are unable to access the cheapest retailers."
#CryptoAssets#CBDC#DFC
·ft.com·
Move away from cash threatens to strand millions of Britons | Financial Times
Shyft partners with Bitt to enable a private and secure data ecosystem
Shyft partners with Bitt to enable a private and secure data ecosystem
"Shyft, the global blockchain-based network that facilitates the secure sharing of attested and compliant data, has announced the signing of a Letter of Understanding with Bitt inc., a Barbados-based fintech company that facilitates secure peer-to-peer transactions through its mobile payments software, mMoney. As part of this partnership, Bitt will become an active ecosystem participant utilizing the Shyft network for data transaction needs across Caribbean territories."
#CryptoAssets#Blockchain#CBDC#DFC
·medium.com·
Shyft partners with Bitt to enable a private and secure data ecosystem
Crypto-Mystery Clues Suggest Tether Has the Billions It Promised - Bloomberg
Crypto-Mystery Clues Suggest Tether Has the Billions It Promised - Bloomberg
As Tether grew into a multibillion-dollar engine of the cryptocurrency market, skeptics kept warning that the digital coin, whose main selling point is that it’s pegged to the dollar, wasn’t actually backed by an enormous pile of cash. Bank statements reviewed by Bloomberg News suggest those fears may be unfounded.
#CryptoAssets#Stablecoins#AltCoins#DFC
·bloomberg.com·
Crypto-Mystery Clues Suggest Tether Has the Billions It Promised - Bloomberg
Saudi Arabia Teams Up With UAE to Issue Joint Cryptocurrency - Sputnik International
Saudi Arabia Teams Up With UAE to Issue Joint Cryptocurrency - Sputnik International
"Saudi Arabia and the United Arab Emirates (UAE) have announced plans to issue a cryptocurrency for use in cross-border transactions. This, despite the fact that the Saudi Arabian Monetary Authority (SAMA) has effectively banned digital currencies in the Middle Eastern country."
#CryptoAssets#Blockchain#CBDC#DFC
·sputniknews.com·
Saudi Arabia Teams Up With UAE to Issue Joint Cryptocurrency - Sputnik International
Egypt’s Central Bank Conducting ‘Feasibility Studies’ Around Digital Currency Issuance
Egypt’s Central Bank Conducting ‘Feasibility Studies’ Around Digital Currency Issuance
"The central bank of Egypt wants to introduce a digital version of the Egyptian pound to reduce costs, local English language news outlet Amwal Al Ghad reported Dec. 16. Ayman Hussein, sub-governor of the Central Bank of Egypt (CBE), told an Abu Dhabi conference on Sunday that “feasibility studies” were currently ongoing. In line with various authorities in the vicinity, Egypt believes a blockchain-based digital version of its fiat currency can help keep issuance and transaction costs to a minimum compared to coins and banknotes, Amwal Al Ghad notes."
#CryptoAssets#CBDC#DFC
·cointelegraph.com·
Egypt’s Central Bank Conducting ‘Feasibility Studies’ Around Digital Currency Issuance
This Brazilian Bank Is Using Ethereum to Issue a Stablecoin - CoinDesk
This Brazilian Bank Is Using Ethereum to Issue a Stablecoin - CoinDesk
"A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency. The Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the ethereum blockchain and is backed 1-for-1 by Brazilian real. The bank has been experimenting with the stablecoin throughout 2018 and will now use it for tax-deductible contributions to cultural institutions."
#CryptoAssets#AltCoins#Stablecoins#DFC
·coindesk.com·
This Brazilian Bank Is Using Ethereum to Issue a Stablecoin - CoinDesk
Should the Central Bank Issue E-money? - Bank of Canada
Should the Central Bank Issue E-money? - Bank of Canada
"Should a central bank take over the provision of e-money, a circulable electronic liability? We discuss how e-money technology changes the tradeoff between public and private provision, and the tradeoff between e-money and a central bank's existing liabilities like bank notes and reserves. The tradeoffs depend on i) the technological setup of the e-money system (as a token or an account; centralized or decentralized); ii) the potential improvement in the implementation and transmission of monetary policy; iii) the risks to safety and privacy from cyber attacks; and iv) the uncertain impact on banks’ efficiency and financial stability. The most compelling argument for central banks to issue e-money is to address competition problems in the banking sector."
#CryptoAssets#CBDC#DFC
·bankofcanada.ca·
Should the Central Bank Issue E-money? - Bank of Canada
BitUSD Divorces Wildly From $1 Target
BitUSD Divorces Wildly From $1 Target
"The global downturn in cryptocurrency prices has likely played a big role in the devaluation of the BitUSD token. In order to effectively redeem tokens for a dollar’s worth of cryptos, the cryptos held in the BitShares contracts must hold a value that enables them to do so."
#CryptoAssets#AltCoins#Stablecoins#DFC
·ccn.com·
BitUSD Divorces Wildly From $1 Target
Critics say cashless retailers penalize the poor - CBS News
Critics say cashless retailers penalize the poor - CBS News
"Many businesses are going cashless -- accepting only credit, debit and mobile forms of payment -- to cut costs associated with cash management and to speed transactions. This shift in payments suits the one in four Americans who say they don't carry paper money, but it excludes the unbanked -- would-be customers without checking or savings accounts."
#CBDC#DFC
·cbsnews.com·
Critics say cashless retailers penalize the poor - CBS News
At least 15 central banks are serious about getting into digital currency - MIT Technology Review
At least 15 central banks are serious about getting into digital currency - MIT Technology Review
"Central banks are the institutions that set monetary policy for a nation, manage inflation, and act as the “lender of last resort”—such as the Bank of England in the UK and the Federal Reserve in the US. In fact, no fewer than 15 such central banks around the world are taking the idea seriously, and many others are at least exploring it, according to a recent report from the International Monetary Fund (IMF)."
#CBDC#DFC
·technologyreview.com·
At least 15 central banks are serious about getting into digital currency - MIT Technology Review
More Americans are making no weekly purchases with cash
More Americans are making no weekly purchases with cash
Americans are becoming less reliant on physical currency. Roughly three-in-ten U.S. adults (29%) say they make no purchases using cash during a typical week, up slightly from 24% in 2015.
#CBDC#DFC
·pewresearch.org·
More Americans are making no weekly purchases with cash
The Era of Central Bank Digital Currencies Is Within Reach - CoinDesk
The Era of Central Bank Digital Currencies Is Within Reach - CoinDesk
Successful and wide-scale CBDC implementation would require architects to consider consumer demand, payment habits, and preferences within a particular country – possibly resulting in idiosyncratic design decisions. Adding to the growing discourse on the topic, in a recent research report for R3, JP Koning evaluates what a CBDC might look like if it were to be issued by the central bank of Brazil, the world’s eighth largest economy. While this paper anchors the analysis through specific treatment of the Brazilian market, many of the design decisions that central banks (or private sector companies on behalf of central banks) would have to make can be generalized to other economies as well.
#CryptoAssets#CBDC#DFC
·coindesk.com·
The Era of Central Bank Digital Currencies Is Within Reach - CoinDesk
Bitt, Central Bank and FSC on right track with Regulatory Sandbox Framework – Blog | Bitt
Bitt, Central Bank and FSC on right track with Regulatory Sandbox Framework – Blog | Bitt
"November 14th 2019 may not seem like a historic day to most, but for those in the Digital Currency world, it was seen as a watershed moment, as the Managing Director of the International Monetary Fund stated at a Fintech forum in Singapore “I believe we should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy. This currency could satisfy public policy goals, such as (i) financial inclusion, and (ii) security and consumer protection; and to provide what the private sector cannot: (iii) privacy in payments.”"
#CBDC#CryptoAssets#DFC
·blog.bitt.com·
Bitt, Central Bank and FSC on right track with Regulatory Sandbox Framework – Blog | Bitt
Digital Fiat Currency Institute
Digital Fiat Currency Institute
"The Digital Fiat Currency Institute promotes the study, development, standardization, specification, promotion, and adoption of digital fiat currency (DFC) for the betterment of all people, regardless of their geo-socio-economic status, under the auspices and governance of a central bank, as an economically beneficial use and means of currency, without prejudice or discrimination.  "
#CryptoAssets#CBDC#DFC
·dfc-institute.org·
Digital Fiat Currency Institute
Cryptoassets Explained: USD Coin - USCoin USD (Cryptocurrency:USDC-USD) | Seeking Alpha
Cryptoassets Explained: USD Coin - USCoin USD (Cryptocurrency:USDC-USD) | Seeking Alpha
"In case you're not familiar with stable coins, you can read my article about Tether (USDT-USD) to get caught up. However, what Tether set out to accomplish may actually be achieved by USD Coin (USDC-USD), which operates in a much more transparent and trustworthy manner (even though it's still very new, being launched less than two months ago)."
#CryptoAssets#AltCoins#Stablecoins#DFC
·seekingalpha.com·
Cryptoassets Explained: USD Coin - USCoin USD (Cryptocurrency:USDC-USD) | Seeking Alpha
G+D Currency Technology | G+D
G+D Currency Technology | G+D
"The value of money is based on confidence. In a dynamically changing world G+D Currency Technology shares its unique knowledge of securing values. As a leader in currency technology in all key areas of currency circulation, we are constantly maximizing productivity, efficiency, and profitability."
#CryptoAssets#CBDC#DFC
·gi-de.com·
G+D Currency Technology | G+D