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Digital Currency

Knowledge Innovations > Insights > Digital Currency

Samsung explores ‘offline’ Digital Currency that works with Galaxy Phones

  • May 17, 2023
  • Theodora Kwening
  • Digital Currency
Consumer tech giant, Samsung is looking into launching a central bank digital currency in a collaboration with the Bank of Korea. The South Korean electronics firm has said on...
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Jamaica to drive CBDC adoption with E-commerce Marketplace

  • May 17, 2023
  • Theodora Kwening
  • Digital Currency
Earlier this month, Jamaican Senator Aubyn Hill announced the creation of a “digital marketplace” for e-commerce to enable consumers to pay with the country’s central bank digital currency (CBDC),...
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Zimbabwe Unveils Gold-Backed CBDC

  • May 9, 2023
  • Theodora Kwening
  • Digital Currency
Zimbabwe is debuting a gold-backed digital currency as it battles an inflation crisis. The country’s central bank says the tokens — set to launch Monday (May 8) — will...
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China’s Digital Yuan to be used for Government Wages

  • April 27, 2023
  • Theodora Kwening
  • Digital Currency
China is to start paying the salaries of some civil servants and public officials using its central bank digital currency (CBDC), it was reported today. The current take up...
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Sweden CBDC phase 3 trials focus on Governance, Programmability Issues

  • April 17, 2023
  • Theodora Kwening
  • Digital Currency
Sweden’s central bank, Riksbank, has published a report on the results of the third phase of its central bank digital currency (CBDC) experiments, focusing on governance and programmability issues....
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Central Bank of Kenya

We Will Work Hand-in-Hand with Central Bank of Kenya on its CBDC Rollout, Confirms CEO, M-PESA

  • March 28, 2023
  • Kwami Ahiabenu
  • Digital Currency
The M-PESA CEO, Sitoyo Lopokoiyit, has revealed that the mobile money giant will be looking to cooperate with the Central Bank of Kenya (CBK) in its journey of rolling...
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Central Bank of South Africa

PayShap — South Africa’s new payment system that will work over WhatsApp

  • March 26, 2023
  • Kwami Ahiabenu
  • Digital Currency
The South African Reserve Bank (SARB) will soon launch a new payment service called PayShap to accelerate the country’s shift to a cashless society. The rapid payment programme (RPP)...
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Florida Gov. Ron DeSantis Proposes Ban of CBDCs

  • March 22, 2023
  • Theodora Kwening
  • Digital Currency
A legislative proposal from Florida Gov. (and possible Republican U.S. presidential candidate) Ron DeSantis would prohibit the use of a national central bank digital currency (CBDC) as money within...
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$3.3 Billion of USDC Reserve Risk Removed, Dollar De-peg Closes

  • March 13, 2023
  • Kwami Ahiabenu
  • Digital Currency
BOSTON – March 12, 2023 – Following the joint announcement by U.S. Treasury Secretary Janet Yellen and U.S. prudential regulators, all depositors with Silicon Valley Bank and Signature Bank,...
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Brazilian Digital Real Passes Public Blockchain Pilot Test

  • March 1, 2023
  • Theodora Kwening
  • Digital Currency
A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has passed a public blockchain pilot test successfully. The test, which was carried out by...
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