Search Results for: Testing

Sweden's Sveriges Riksbank Begins Testing Its Blockchain-Powered Central Bank Digital Currency

Sweden’s Sveriges Riksbank announced that it had started testing an e-krona, taking one step closer to the release of a central bank digital currency.  The e-krona aims to simulate everyday banking activities, including payments, deposits, and withdrawals from a digital wallet on a mobile phone. The pilot testing program has been scheduled to operate for one year, until February … Continue reading Sweden's Sveriges Riksbank Begins Testing Its Blockchain-Powered Central Bank Digital Currency

Bank of Japan Testing Digital Yen CBDC

The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility. Although no timetable for Japan’s CBDC experimentation has been revealed, this is the first announcement by the BoJ that it will commence a Proof … Continue reading Bank of Japan Testing Digital Yen CBDC

Federal Reserve Digital Dollar DLT Testing Underway But CBDC Monetary Policy Lags

Federal Reserve Board Governor Lael Brainaird announced that the United States Federal Reserve is currently experimenting with blockchain and DLT in pursuit of its central bank digital currency (CBDC) or digital dollar. The US Federal Reserve (Fed) has been experimenting with distributed ledger technologies (DLT) for several years according to Brainard. The study aims to … Continue reading Federal Reserve Digital Dollar DLT Testing Underway But CBDC Monetary Policy Lags

China to Prioritize Testing its Central Bank Digital Currency in Wealthier Cities First

China is planning a more extensive expansion of the testing of its central bank digital currency (CBDC) after reportedly starting its first tests in the Greater Bay Area. Chinese experts believe that the financial technology industry in the southern province of Guangdong is fairly developed and that it has a “natural advantage” in carrying out … Continue reading China to Prioritize Testing its Central Bank Digital Currency in Wealthier Cities First

China’s CBDC Testing Expansions Exaggerated, Digital Currency Details Revealed

China has been reportedly continuously expanding the trials of its central bank digital currency (CBDC) significantly, and in the wealthier cities in the country. China’s CBDC, also known as the digital currency electronic payment (DCEP), has been said to be “ready” for some time, however, the exact date of its rollout has not been set. … Continue reading China’s CBDC Testing Expansions Exaggerated, Digital Currency Details Revealed

China's DCEP Testing Limited to Small Retail Transactions for Now

The People’s Bank of China (PBoC) has affirmed that the testing of its flagship Digital Currency Electronic Payment (DCEP) project is concentrated only on small scale transactions for now. As reported by the Global Times, the clarification came in order to quell rumors making the rounds with respect to the scale of the DCEP phase … Continue reading China's DCEP Testing Limited to Small Retail Transactions for Now

Digital Dollar Project to Begin Pilot Testing to Gather Data for CBDC

The Digital Dollar Project has announced it will begin a pilot test for a Central Bank Digital Currency (CBDC) in the United States. According to the official announcement, the primary goal of the Digital Dollar pilot test will be to “address some common challenges faced by different stakeholders, including consumers, businesses, financial institutions, and fintech,” … Continue reading Digital Dollar Project to Begin Pilot Testing to Gather Data for CBDC

China's CBDC Testing Advances along 19.25M Yuan Distribute to Residents

China is set to take its Digital Yuan pilot tests to Shanghai to pursue Central Bank Digital Currency (CBDC). According to the Information Office of Shanghai Municipality, the latest proposed trial test will see the region give out as much as 19.25 million yuan (about 3 million U.S. dollars) in digital currency to consumers in the … Continue reading China's CBDC Testing Advances along 19.25M Yuan Distribute to Residents

Bank of Israel Has Conducted Digital Currency Shekel Crypto Testing

Israel has already carried out a pilot test and is seriously considering implementing a CBDC of digital Shekel. In a recent conference of the Fair Value Forum of IDC Herzliya, the deputy governor of the Bank of Israel, Andrew Abir, said that the central bank has already conducted a digital currency pilot. Abir stated that … Continue reading Bank of Israel Has Conducted Digital Currency Shekel Crypto Testing

Quiznos Testing Payment Feature to Allow Customers Pay in Bitcoins

Quiznos customers will soon be able to purchase their toasted subs through Bitcoin payments. Quiznos fast-food restaurant company has announced that it will accept Bitcoin payments in its number of select restaurants in Denver, Colorado, starting in mid-August. Quiznos Sub Sandwich Restaurants are the home of the toasted sandwich lunch foods, including soups, salads, subs, … Continue reading Quiznos Testing Payment Feature to Allow Customers Pay in Bitcoins

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