Central Bank Digital Currencies’ Post

Rudy Gunawan, Managing Director of OpenWay Asia, and Lana Konakova, Global Product Marketing Manager at OpenWay Group, discuss the first CBDC cards in #Eurasia and Way4’s role in the fast launch of #Kazakhstan’s Digital Tenge infrastructure. The key topics tackled include: ✔ De-virtualisation of CBDC; ✔ CBDC for cross-border payments, programmable money, and DeFi; ✔ MVP in production: interoperability of CBDC, banks, and card networks; ✔ The CBDC services launched by Eurasian Bank, Altyn Bank, and Halyk Bank; ✔ How banks differentiate their CBDC offering; ✔ Expanding the Digital Tenge footprint in 2024; Check out the article for more insights ➡ https://lnkd.in/dKP8csha #CBDC #digitalpayments #banking #ecommerce #DeFi #wholesaleCBDC #crossborderpayments #digitalassets #stablecoin #cryptocurrency #cryptocurrencyexchange #fintech #digitalcurrency #payments  #blockchain #P2P #POS #thepaypers #digitaltenge

Banking and CBDC Weekend Roundup: Here's the latest on Central Bank Digital Currencies👇 This week's highlights: ✔️Hong Kong pilots world's first wholesale CBDC for interbank settlements. ✔️Jamaica's CBDC adoption slows, but rollout continues. ✔️India tests offline & programmable features for its digital rupee. ✔️EU clarifies "programmable money" vs. programmable payments for its #digitaleuro Read the full post for more on these stories and the latest on China's CBDC challenges and Kyrgyzstan's digital Som! ➡️ https://lnkd.in/d2-pQn4T #CBDC #blockchain #bankingnews #cryptonews

Exploring the 10 Key Reasons Banks are Embracing Blockchain Technology in Banking! 💡 From seamless transactions to heightened security, discover the game-changing impact of #BlockchainInBanking 🚀 Read more on the blog : https://bit.ly/3uKSGRk . . . . . . #blockchain #banking #finance #blocktunix #future #busniess #growth #tech #technology #blog

What developments are we likely to see in CBDCs over the course of the next year? R3’s Chief Economist Dr Alisa DiCaprio answers this question in Banking Risk and Regulation, laying out the four key trends that will shape the evolution of CBDCs in 2024.   “The next 12 months will be a transformational period for CBDCs, undoubtedly marked by many significant milestones that will drive innovation in tokenisation and financial infrastructure as we march steadily towards the future of money.”   Read the full article here: https://lnkd.in/eadeuyJg #CBDCs #DLT #blockchain #fintech #banking

Mastercard and StanChart Subsidiaries Complete First Tokenized Deposit Transactions #stablecoin #CBDC #DigitalPayment #banking #DigitalCurrency  #Cryptocurrency #digitalPound #fintechnews #cbdccommunity #blockchain  #AI #finance #currency #regulatory #DigitalAssets #data #london #US #digitalmarketing #digitaleuro #mastercard #tokenization #transaction https://lnkd.in/d7DEvZT6

Central bank digital currency (CBDC) is a form of digital currency that leverages the advantages of blockchain technology, such as instant cross-border transactions, traceability and programmability, providing efficiency and transparency in financial transactions. #DentonsHongKong #DentonsHK #CBDC #HKMA #Corporate #CorporateFinance #Crypto #epayments #ecommerce #ebusiness #fintech #blockchain Read the full article here: https://lnkd.in/gvqS3Van

Traditional banking vs. DeFi: Is the financial system being overhauled? Read the full article here: https://bit.ly/3ZHkFhH ● Traditional banks operate under a centralised model, while DeFi leverages blockchain technology to decentralise control. ● DeFi platforms operate in a less regulated space, whereas traditional banks are heavily-regulated ● Traditional banking can be exclusive and limited, while DeFi aims to offer financial services to anyone with internet access. #defi #traditionalbanking #blockchain #financialsystem #decentralisedfinance #fintech #cryptocurrency #bankingrevolution #digitalfinance #financialinclusion #smartcontracts #financeinnovation #regulation #openbanking #inclusivefinance #financetrends #ethereum #financialfreedom #bankingindustry #futureoffinance  

🚀 The World Bank is exploring interoperability between Central Bank Digital Currencies (CBDCs) and faster payment systems! This move aims to enhance efficiency and security in transactions, bridging CBDC systems with traditional banking infrastructures. By enabling mixed payments between retail CBDCs and faster payment systems, this initiative could revolutionize how we handle money transfers globally. 🌐 Key Benefits: - 24/7 availability for interbank settlements - Reduced counterparty risk - Improved integration of digital and traditional financial systems #CBDC #Fintech #DigitalCurrency #WorldBank #PaymentsInnovation #Blockchain #Finance Read more: https://lnkd.in/dsuQ8bDn Mario Reichel Ayhan Köseoğlu Harley Hermanson Jonathan Garcia Amine Echtati

The World Bank Explores CBDC Interoperability with Faster Payment Systems 🌍 The World Bank Group’s ITS Technology and Innovation Lab (ITSTI) published a report on the interoperability between #CBDC systems and faster payment systems. Why should you care? 1️⃣ Interbank Settlements: Wholesale CBDC (#wCBDC) could streamline 24/7 interbank settlements and reduce counterparty risk. 2️⃣ Retail Payments: The report explores mixed retail CBDC payments where one party uses a retail CBDC and the other a faster payment system. 3️⃣ Technical Insights: This research provides valuable insights for future digital currency developments. As a side note, the World Bank's treasury also executed a wholesale CBDC transaction by issuing a bond on the SIX Digital Exchange, settled with the Swiss National Bank’s wCBDC. Read more 👉 https://lnkd.in/g69nmk_n Want to learn more? Explore Blockchain and Digital Assets programme now to be upfront in the industry! 👉 https://lnkd.in/gZ_JdnnA #worldbank #cbdc #wcbdc #swiss #industrynews #payments Huy NGUYEN TRIEU, Tram Anh Nguyen, Elizaveta Palaznik, Rhian Lewis, Claire Calmejane, Oriol Caudevilla, Ilan Gildin, Alexander E. Brunner, Paolo Bortolin, MBA, HomeofBlockchain.swiss, Swiss Blockchain Federation, Swiss Blockchain Consortium, SMU Academy, CFTE Community News, Paloma Nisola

Financial innovation is transforming banking with technologies like blockchain and AI. While these advancements offer growth opportunities, they also present challenges such as regulatory hurdles and infrastructure needs. At ZirconTech, we help banks navigate these challenges and harness the potential of new technologies. Learn more about our insights and how we can support your organization: https://lnkd.in/d__6Hd6H