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Visa Expands Stablecoin Settlement to Solana and Merchant Acquirers
5.9.2023
Visa is taking a step in advancing digital currency adoption by expanding its stablecoin settlement capabilities to the Solana blockchain network. The payments giant also announced new pilot programs with merchant acquirers Worldpay and Nuvei to explore streamlining settlement in the Circle-issued...
Armored Core VI’s Fastest Money Farm Is A Rookie Pilot Murder Spree
31.8.2023
A key aspect of Armored Core VI is earning cash to unlock new guns and mech parts. Once you complete a mission you can replay it as much as you want for extra pay, and players have now found one of the fastest money farms in the entire game: brutally murdering a rookie test pilot in under a minute...
Russian Banks to Quiz Central Bank on Digital Ruble Pilot Next Month
30.8.2023
Russian banks will have the opportunity to question the Central Bank on its digital ruble pilot next month.
The Central Bank is facing a backlash from some sections of the banking industry after beginning “real-world” transactions with its CBDC earlier this month.
The megabanks Sberbank...
Only 2 % of Russians Ready to Keep All Their Savings in Digital Ruble: Poll
27.8.2023
While over half of Russians are willing to put some money into their nation’s digital ruble, only 2% say they would keep all their savings in it. Insufficient information and fear of system failures are among the biggest factors turning people away from the government-issued digital currency....
Palau’s Stablecoin Audit Process Advances
25.8.2023
Palau’s Ripple-backed stablecoin pilot audit process is advancing, with the Ministry of Finance collaborating with auditors and turning in more than 200 documents for review. Jay Hunter Anson, a Palau Ministry of Finance member, explained he was ready to show auditors that every transaction...
Australia's CBDC Likely Some Years Away, Central Bank Says
23.8.2023
Australia will not be making any decision on a central bank digital currency (CBDC) for some years due to several unresolved issues
Australian CBDC could be useful for payments, tokenization, says RBA
23.8.2023
The RBA has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency
Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan
20.8.2023
Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will facilitate instant conversion to fiat money. Uzbekistan...
Russia to Test Digital Ruble in 11 Cities, Moscow Subway
12.8.2023
Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users scheduled to commence in mid-August. Russia Prepares...
Bank of Russia Reports 13 Banks Will Participate in Digital Ruble Pilot
11.8.2023
The Bank of Russia has announced that all 13 banks intending to participate in the digital ruble pilot have already completed their preparations to join the upcoming test. Olga Skorobogatova, first deputy governor of the Bank of Russia, stated that customers of these banks will be able to apply...
600 Russians to Trial CBDC Next Week – Digital Ruble Pilot Begins
10.8.2023
The Russian digital ruble pilot proper will begin next week, says the country’s Central Bank, with 600 citizens set to become the first people in the nation to use the CBDC.
The bank said that the first transactions with the CBDC would be conducted on August 15, and that the pilot would initially...
Senator Calls for Audit on Palau’s Ripple-Backed Stablecoin Pilot Program
8.8.2023
Palauan senator Mark Rudimch has called for an audit of Palau’s stablecoin pilot program, launched by the country’s ministry of finance in partnership with Ripple in July. In a letter sent to the public auditor Satrunino Tewid, Rudimch reported the Palauan senate had concerns regarding...
Digital Dollar Project completes CBDC retail remittance pilot with Western Union
3.8.2023
The project simulated transfers to customers of BDO Unibank in the Philippines with improved settlement time, cost and transparency
South Korea's CBDC Pilot to Take Place in Jeju, Busan, or Incheon, Excluding Seoul
1.8.2023
The central Bank of Korea (BOK) has narrowed down the choices for its central bank digital currency (CBDC) pilot venue to three regions. Notably, the nation's capital Seoul is not among these.
The major regions chosen as candidates are Jeju, Busan, and Incheon, according to IT Chosun. ...
Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report
31.7.2023
Jeju, Busan and Incheon are in the running to be considered
South Korea to pilot CBDC in one of these three cities, not Seoul
31.7.2023
South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency
Ripple and Palau Announce CBDC Stablecoin Pilot Program
28.7.2023
Palau, an insular nation in the Philippines Sea, has partnered with Ripple, announcing a limited pilot for its own U.S. dollar-pegged stablecoin issued using XRP technology. According to Jay Hunter Anson, a member of the board of directors of Palau’s Ministry of Finance, the test started...
Russia to Launch Digital Ruble Transactions With Real Users in August
27.7.2023
Banks taking part in the digital ruble pilot will begin testing transactions with actual clients in mid-August, according to a top executive of one of the financial institutions. The trials are set to start weeks after Russia adopted dedicated legislation for the introduction of its new digital...
Russian CBDC Pilot Launch News Draws Mixed Reactions from Biz Community
27.7.2023
The Russian business community and financial experts have spoken about the potential pitfalls – and possible advantages – of a digital ruble as Moscow prepares for the August launch of a CBDC pilot.
Izvestia quoted Sergey Katyrin, the President of the Russian Chamber of Commerce and Industry,...
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
26.7.2023
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees