Tag: CBDC
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House Passes Bill To Block Fed-Issued Digital Dollar: What It Means for the Transition to Treasury Certificates
In a significant development, the U.S. House of Representatives has passed a bill that would prohibit the Federal Reserve from issuing a digital dollar. This move comes amid growing debate and scrutiny over the future of digital currencies and their potential implications for the financial system. In this blog post, we explore the implications of…
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Unraveling the Pros and Cons of Central Bank Digital Currencies (CBDCs)
To Enslave Humanity with a Social Credit System and Digital ID Central Bank Digital Currencies (CBDCs) have emerged as a hot topic in financial technology circles, with various nations across the globe exploring and implementing this revolutionary concept. These are virtual versions of national currencies, backed by the central bank, offering the prospect of significant…
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India Central Bank Digital Currency (CBDC) and Indian Rupee Offshore
The concept of Central Bank Digital Currency (CBDC) has been gaining traction globally, and India is no exception. The Reserve Bank of India (RBI) has been exploring the idea of a CBDC for a while now, and there are both potential benefits and drawbacks to such a move. Here are some potential pros and cons…
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Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency
Chairwoman Waters, Ranking Member McHenry, and other members of the Committee, I am pleased to join you today. With technology driving profound change, it is important we prepare for the financial system of the future and not limit our thinking to the financial system of today. No decision has been made about whether a U.S.…
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More Banks Exploring Working with Stellar & IBM’s Help
CBDCs are a form of cryptocurrency that straddles the fence between fiat money and crypto. Since most stable coins are backed by a reserve asset like US dollars or precious metals, they enjoy greater stability than other crypto coins. But since they’re blockchain-based, they offer greater security, privacy, and streamlined processing than traditional money. Jan…
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Cryptoassets, CBDC, and Privacy are Major Priorities for ETA’s Public Policy Agenda for 2022
WASHINGTON, Jan. 7, 2022 /PRNewswire/ — Today, the Electronic Transactions Association (ETA) released its 2022 policy priorities, highlighting the issues that are most relevant to ensuring that the digital payments industry is able to continue to provide efficient, secure payments services that benefit consumers. “The digital payments industry is one of the most innovative, dynamic, competitive industries…
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USD Rainbow Currency on the Horizon
The phrase “central bank digital currency” (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. A report by the Bank for International Settlements states that, although the term “central bank digital currency” is not well-defined, “it is envisioned by most to be a new form of central bank money, hence the Rainbow…
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PayServices implementing unique FinTech solution with governments worldwide
DELRAY BEACH, FLORIDA, UNITED STATES, May 10, 2021 /EINPresswire.com/ — PayServices, Inc. (PayServices.com) is in discussion and at various levels of implementation with governments across the world to implement its uniquely advanced and highly specialized proprietary Financial Technology solution (FinTech solution). This technology would provide real-time, cutting edge, auditable end-to-end traceability in banking and financial compliance. PayServices delivers…