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Eswar Prasad, a Cornell University professor, has warned that central bank digital currencies (CBDCs) – with their expiry dates and restrictions on “less desirable” purchases – could lead economies to a much dark path. Prasad issued the warning during the 14th Annual Meeting of the New Champions hosted by the World Economic Forum (WEF). During one of […]

South Korean convenience store chain GS Retail is now rolling out gold bar vending machines at its locations, and they are proving to be a great hit among customers. GS Retail, with nearly 14,000 branches all over South Korea, reported that it has already sold a total of $19 million worth of gold bars in the past […]

JPMorgan recently introduced euro-denominated payments for its corporate clients with its JPM Coin blockchain payment system. The system went live with its euro transactions last week, and the first payment in euros on its platform was carried out by the German company Siemens. JPM Coin was originally launched in 2019 for dollar payments with the […]

If the International Monetary Fund (IMF) is successful in unleashing a new “global Central Bank Digital Currency (CBDC ) platform,” as managing director Kristalina Georgieva says the group is currently “working hard” on, then soon the world’s entire money supply will be controlled by a “group of unelected bureaucrats.” Right now, the various currencies of […]

The members of the BRICS bloc of major emerging economies have recently met to decide on adding new members and creating a common currency to challenge the United States dollar. The five nations [...]