Could China's Digital Yuan Challenge U.S. Dollar Dominance?
While the promise of CBDCs is real, the U.S. dollar is unlikely to be toppled from its position as the global reserve currency anytime soon.
Source: forbes.com
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Digital Dollar Project Launches Retail CBDC Pilot with Western Union Focused on Cross-Border Payments
/PRNewswire/ -- The Digital Dollar Project today announced the completion of a pilot study conducted in collaboration with The Western Union Company (Western...
Source: prnewswire.com
Digital Dollar Project completes CBDC retail remittance pilot with Western Union
The Digital Dollar Project, a nonprofit research organization, has completed a pilot project using simulated U.S. central bank digital currency to make remittances to the Philippines.
Source: cointelegraph.com
Digital dollar: The death of digital dollar: Why Project Hamilton was abandoned even before its existence
Not only does the US Federal Reserve have no plans to issue a digital currency, but it has repeatedly said it wouldn't do so without authorisation from Congress. How closely the digital currency may imitate physical cash is still a wide-open question that can only be answered through research and testing.
Source: indiatimes.com
Central Bank Digital Currency Fight Heats Up
Central Bank Digital Currency (CBDC) remains a hot topic as the push for CBDC is accelerating. I’m speculating way more than half the adult population in America have zero knowledge of what CBDC is other than “bank business”. Or, they’ve heard it’s a new, wonderful way to instantly make your trans
Source: newswithviews.com