The Central Bank of Brazil (BCB) has partnered with a large group of technology companies to design a new trade finance system using blockchain. The partnership also involves financial services company Banco Inter, Microsoft Brazil, tech company 7COMm and smart contract provider Chainlink. This project is included in the second ... Read more
The Financial Services Commission of South Korea has given approval for a pilot program related to the CBDC with seven of the country’s leading financial institutions. This program launched by the FSC on 6th of November aims to explore the practicality of CBDCs and deposit tokens in regular transaction and ... Read more
WadzChain Network has recently launched its unique hybrid blockchain to revolutionize the world of business payment systems. The new platform has safe, efficient and flexible transactions, it creates a solution to the increasing need for secure digital payment systems. According to a recent report, the hybrid blockchain is made of ... Read more
The RBA clarified that it has no intention of issuing a retail Central Bank Digital Currency (CBDC) in the near future. Consequently, the central bank will concentrate on the issuance of the wholesale CBDC to examine the advantages of the digital currency in the financial sector. RBA Assistant Governor Brad ... Read more
