The Bank of Thailand has announced it will begin accepting public comments on its proposed Retail Central Bank Digital Currency (CBDC) development, bringing it in the league of apex monetary authorities including the European Central Bank (ECB) that has made such a move in recent times.
Author: Godfrey Benjamin
Godfrey Benjamin
Godfrey contributed to Blockchain Journal between 2020 and 2021, covering cryptocurrency markets and blockchain-related developments with a focus on technical analysis and market structure. His reporting examined price behavior, network activity, and on-chain signals to provide contextual insight into market dynamics.
Asian giant, South Korea is set to begin the issuance of COVID-19 vaccination passports or certificates to allow for safe travels from one nation to the other. The plans to roll out these “vaccine passports” was revealed by Prime Minister Chung Sye-kyun who according to Reuters said the passports will be displayed as blockchain-based mobile apps, and will allow international travellers to show digital proof of vaccination. These passports will be officially launched later this month.
The President of the European Central Bank, Christine Lagarde has unveiled the timeline for the potential actualization of a Digital Euro, broadly known as a Central Bank Digital Currency (CBDC). Speaking in an interview with Bloomberg TV, Lagarde noted that the ECB Governing Council will be making the decision whether to proceed with the development of the Digital Euro or not.
Blockchain payments firm, Ripple Labs Inc is set to take up a 40% ownership stake in Asia’s cross-border payments firm Tranglo. According to the media reports, the partnership will help Ripple meet up with the product demand from customers in South East Asia as Tranglo will be utilizing its RippleNet’s On-Demand Liquidity (ODL) system to settle cross-border payments using the XRP cryptocurrency.
Decentralized storage system Filecoin and its native cryptocurrency, the FIL coin is now the 9th largest cryptocurrency by market capitalization. Filecoin attained this milestone on the back of very strong growth attained in the past month in which it posted a massive 497% growth in the past month according to data pulled from Coingecko, a crypto market analytics platform.
Ethereum (ETH) is bullish today following the news that Visa Inc, one of the world’s leading payment service providers has chosen to settle USDC transactions using the Ethereum network. The news which came after the payment giant noted it will begin adding cryptocurrencies to its payment network is historic for the Ethereum network that has already gained massive traction as the blockchain of choice for decentralized finance (DeFi) applications.
Francis Suarez, the Mayor of Miami has disclosed his wish to transform Miami into a Bitcoin mining hub. Suarez, renowned to be a Bitcoin and crypto fan is one of the few elected officials to have a very positive disposition about digital currencies and he revealed in a recent interview with crypto Journalist Laura Shin that Miami can be a BTC mining hub as the city has enough clean energy.
Hester Peirce, the US Securities, and Exchange Commission (SEC) commissioner also known as “Crypto Mom” has bemoaned the disposition of extant rules and standards that have prevented the approval of the US first Bitcoin Exchange Traded Fund (ETF) product.
underscored the notion that digital currencies may actually have a better backing than the United States Dollar. Speaking in an interview with CNBC’s Squawk Box, Brooks responded to questions from the host who expressed confusion going by an earlier comment from the Federal Reserve Chair, Jerome Powell.
The Central Bank Digital Currency (CBDC) being developed by the People’s Bank of China (PBoC) also known as the Digital Yuan will be allowed to co-exist with existing private-owned payment systems in the country according to Mu Changchun.