Nigeria’s CBDC pilot is now the second largest behind China’s digital yuan, and aims to digitise payments and increase financial inclusion in Africa's most populous country.
The move is aimed at improving the payments system in the West African nation.
The Bukele government believes bitcoin can provide monetary sovereignty and financial inclusion to millions. But many Salvadorians remain skeptical about the move.
The monetary authority will collaborate with technology stakeholders to establish the ‘Digital Turkish Lira Collaboration Platform’ to facilitate the research and development of a CBDC.
The digital wallet will let users store cryptocurrencies, says David Marcus, head of Facebook’s crypto unit and will complement Diem, a digital currency the company is also developing.
The Palestinian Monetary Authority is planning to examine the feasibility of a digital currency. But local economic observers are cautious about its implementation.
The law would create mechanisms to help Salvadorans, especially small businesses, quickly convert payments they receive in bitcoins into dollars.
"Quantum" by Kevin McCoy, a simple geometric animation, is the first known non-fungible token, according to auction house Sotheby's.
The latest spike in the price of meme-based cryptocurrency is fuelled by renewed endorsements by the billionaires and listings on eToro and Gemini exchanges.
Outlined below is an examination of how central bank digital currencies could resemble and differ from cryptocurrencies and "stablecoin" projects like Facebook-backed Diem.
The Bank of England and the Treasury say that they will work together to assess the benefits of a central bank digital currency.
Cryptocurrency’s protection against inflation has been one of key drivers behind its popularity with the Turkish public.
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