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HSBC and IBM pilot CBDC settlement overseen by France’s central bank

HSBC and IBM announced on Thursday the successful testing of an advanced token-and-digital wallet settlement between central bank digital currencies (CBDC) in a cloud environment. The transaction included transactions between CBDCs and forex. The distributed ledger that enabled the transactions was facilitated by IBM’s Hyperledger Fabric as well as enterprise technology provider R3 Corda. As […]

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France and Singapore test CBDC capability for cross-border transactions

France and Singapore are effectively investigating the cross-line utilizations of central bank digital currencies (CBDCs). In a joint declaration on Thursday, the Bank of France and the Monetary Authority of Singapore (MAS) announced that they effectively finished an entire cross-border payment and repayment pilot test utilizing CBDCs and blockchain innovation. The CBDC test was directed […]

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The Bank of Israel pilots a government-backed cryptocurrency

The Bank of Israel has reportedly already issued a central bank digital currency (CBDC), but Israelis shouldn’t expect to begin using it right away. The bank is only running a pilot test of a digital shekel and there is a long way to go before a government-backed digital currency would be introduced. If it were […]

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The European Union might speed up launch of a digital currency

The European Union (EU) has given the cryptocurrency ecosystem a tepid response while, at the same time, understanding the value digital currencies offer. As coins like Bitcoin (BTC), Ether (ETH) and others flourish and gain more ground as an alternative to tangible fiat, the EU has acknowledged that it is exploring a central bank digital […]

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