Auto Added by WPeMatico

Federal Reserve Bank Outlines Details On Digital Dollar Research

Digital currencies are definitely on their way to modernize the US payments sector – and the Federal Reserve Bank recently revealed its details on the digital dollar research. As we can see from the President and CEO of the bank who is featured in the crypto news today, details of the Fed’s ongoing research show some great insights. It all started when Loretta Mester spoke in a keynote address on September 23. The President and CEO of the Fed emphasized that the Federal Reserve Bank has been exploring central bank digital currencies (CBDC) since before the pandemic, and noted that…

Continue Reading Federal Reserve Bank Outlines Details On Digital Dollar Research

Bahamas Central Bank Set To Introduce A National Digital Currency Next Month

The Bahamas has seemingly beaten other major economies to the national digital currency punch. The nation’s central bank has revealed that it will be issuing a central bank-backed digital currency next month. The Sand Dollar To Facilitate Financial Inclusion Speaking to Bloomberg on September 15, Bahamas Central Bank’s assistant manager of eSolutions, Chaozhen Chen, observed that the goal of the ‘Sand Dollar’ is to streamline digital payments and settlements particularly in the country’s distant islands that play a key role in generating national income via tourism. Additionally, the digital currency will serve the unbanked and underbanked adults in the Caribbean…

Continue Reading Bahamas Central Bank Set To Introduce A National Digital Currency Next Month

End of content

No more pages to load