Tag: CBDC

Digital Currencies are gaining traction in recent years with some zealous countries joining the fray at a lightening speed. Ghana in its own strength, began the process of having a ...

Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has clarified that Ghana’s version of the Central Bank Digital Currency (CBDC), the eCedi, will not encounter similar challenges facing ...

Owing to the fact that cryptocurrencies are not backed by any central bank or any entity, some authorities of European Central Banks have shown concerns about its associated risks. The ...

The central bank of Sweden, Sveriges Riksbank officially launches its e-Krona, the world’s second digital currency backed by a central bank. Before the official lunch of the e-Krona, the digital ...

The Central Bank of Nigeria (CBN), in a document sent out to the commercial banks, spelt out the proposed operational tiered model for the eNaira project. The proposed model described ...

By carefully calibrating digital currencies, and by applying a nuanced approach to the implementation of Central Bank Digital Currencies (CBDCs), CBDCs stands the chance of being the next big gig, ...

Nigeria’s local fintech companies have raised concerns over the Central Bank of Nigeria’s (CBN) decision to engage foreign fintech companies on the eNaira project. The CBN is believed to engage ...

The Central Banks in Singapore, South Africa, Malaysia, and Australia plan to pilot a cross-border payment scheme by using different Central Bank Digital Currencies (CBDCs). Also, it is important to ...