✈️ Send and receive money with your digital wallet 30,000ft in the air? You can with offline CBDCs. Digital currencies have existed for decades as electronic money stored within bank systems. This is long before the advent of bitcoin and cryptocurrencies. However Central Bank Digital Currencies or CBDCs are different from cryptocurrencies in that it offers enhanced privacy and resilience in the event of disruption. 💳 Financial inclusion in areas with limited or unreliable internet access means offline payment in CBDC becomes quickly crucial for many people. We believe our product portfolio offers not only Secure Elements – the backbone of offline payments but also eSIMs that enhance convenience for cold wallets. 👉 Check out how we enable a secured foundation for tomorrow’s CBDCs here https://scom.ly/aQe0W0Q
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#CredibleViews: In response to the changing realm of digital transactions, the Central Bank Digital Currency (CBDC), or the digital rupee, is recognised as a legal tender and is supported by a central bank. Distinct from cryptocurrencies such as Bitcoin, CBDCs have the capability to provide numerous advantages to the financial system. Adelia Castelino of In-Solutions Global Ltd in this exclusive authored article by her explains why CBDC is a crucial step towards positioning a country at the forefront of technological progress in the financial sector. Read full story here CNN-News18: https://lnkd.in/dZyZrY76 #StoryMatters #CBDC #digitalindia
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Looks like the U.S. did a complete 180 on the Digital Asset industry as a whole, with the approval of the Ethereum ETFs and bipartisan backing of the FIT21 bill and the Central Bank Digital Currency Anti-Surveillance State Act, which would've enabled the Federal Reserve (remember, NOT a government body but a private entity) to create their own CBDC (central bank digital currency). Or as I like to call it, Covert Banking Data Collection. Whether it's a political move or not by the Democrats being pressured by their pundits, this is still a major victory for freedom and sovereignty. #Bitcoin https://lnkd.in/gDnn7NrU
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5ª temporada 📽️ (desde 2003 #enSUSpantallas ) : #dLGI #dDESC #dRPC #dANOD... #ymuchomas 🎥 HumMUS POLITIkingKON.G 🦍Asinus asinum fricat 🐎
Potential use of new technology for wholesale central bank money settlement When, Where The Eurosystem is exploring potential solutions for central bank money settlement of wholesale financial transactions recorded on distributed ledger technology (DLT) platforms. The work is part of the Eurosystem’s broader efforts to ensure that central banks keep pace with and contribute to digital innovation in wholesale and retail payments. Learn more about the background and intended purpose of the work. 15 December 2023, 9:00 - 14:00 CET Virtual Event #crypto #ryptocurrency #descentralización #banking #centralBank #UE #EU #Europa #europe #tech #DLT #money #cryptoEconomy
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The Future of Money: Will Central Banks Control Our Crypto? The world of finance is on the cusp of a major transformation. Central banks are grappling with the rise of cryptocurrencies, and the question remains: will they try to control them? Here are some key points to consider: - Central Bank Digital Currencies (CBDCs): Many central banks are exploring CBDCs, essentially digital versions of their national currencies. This could potentially streamline payments and offer greater control over the money supply. - The Challenge of Crypto: Cryptocurrencies like Bitcoin operate outside traditional banking systems, posing a challenge for central banks who want to maintain control over monetary policy. - Regulation vs. Innovation: Striking a balance between regulating crypto to prevent financial instability and fostering innovation is crucial. What do YOU think? - Should central banks embrace crypto and potentially issue their own digital currencies? - How can we ensure a future financial system that is both stable and innovative? **Let's discuss! Share your thoughts in the comments. ** #banking #cryptocurrency #centralbank #CBDC #finance #fintech #futureofmoney
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Highly recommend reading our blog post on Redefining Wealth: Insights from "The Bitcoin Standard" book by Dr. Saifedean Ammous. Understanding the evolution of money sheds light on the inevitable rise of a Bitcoin Standard. #BitcoinAdoption #FinancialLiteracy #DigitalWealth
Excited to announce our new blog series, "Redefining Wealth: Insights from The Bitcoin Standard"! "The Bitcoin Standard: The Decentralized Alternative to Central Banking" by Dr. Saifedean Ammous, first published in 2018, explores the historical context of money, the role of hard money over centuries, and how Bitcoin fits into the evolution of money as a technological breakthrough that offers a decentralized alternative to central banking systems. In this weekly series, we'll summarize one chapter of the book each week, offering key insights and thought-provoking discussions for those who want to stay informed but may not have the time to read the entire book. Stay tuned for our weekly summaries! #BitcoinStandard #Bitcoin #HardMoney #DigitalWealth https://lnkd.in/gG7y_5uw
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CEO Prikhodko&Partners Law company, attorney | Fintech | Crypto | Brokerage | Banks | Gambling | Ready-made financial licenses and companies | International corporate law | Consulting |
🏴Central Bank of England to launch CBDC after developing regulatory framework, will ensure data security ❗️In February 2023, the Central Bank of England and the Treasury collected 50,000 consultation responses on the future of the digital pound. 💹 Based on their findings, the regulators said the launch will take place after a set of rules is adopted; a system will be developed to ensure that the Central Bank of England and other bodies cannot obtain users' sensitive information. #CBDC #bitcoin #cryptonews #fintechlawyer #relocationbusiness #cryptoeurope #cryptolicense #fintech #finance #blockchain2024
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Mastercard has successfully trialed wrapping central bank digital currencies (CBDCs) on blockchains like Ethereum, similar to wrapped Bitcoin and Ether. In collaboration with the Reserve Bank of Australia and other partners, they demonstrated the process, allowing CBDC owners to use the wrapped CBDC to purchase NFTs on Ethereum. The trial employed Mastercard's Multi Token Network, integrating payment technology with blockchains, showcasing the potential for secure transactions and innovative possibilities in the world of digital currencies and NFTs. The Reserve Bank of Australia sees the potential for enhanced payment arrangements and financial innovation with a CBDC but emphasizes the need for further research to assess its benefits. . . . #SecureTransactions #payments #financegoals #innovations #Mastercard #NFTs #reservebankofaustralia #CBDC #digitalcurrencies #blockchainnews #EthereumETF #ethereumnews #multitoken #diginoch #diginochblogs
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Senior Software Engineer @ Jio Tesseract | Android Development, MCA | POS | ISO8583 | UPI | mAtm | Payment Service Provider domain | Jio Dive | Jio glass
Digital currencies, including cryptocurrencies like Bitcoin and Ethereum, are gaining traction as alternative forms of currency. While they offer a decentralized network, their price volatility remains a concern. Enter Central Bank Digital Currencies (CBDCs), the digital version of a country's national currency regulated and issued by the central bank. Unlike cryptocurrencies, CBDCs offer a level of stability backed by the government or central bank and can be used for various financial transactions. However, their implementation raises concerns about privacy, as transactions can be tracked and monitored more easily than with physical cash. Stay up-to-date on the rapidly evolving landscape of digital currencies, including CBDCs, by referring to the latest sources for the most current information. #digitalcurrencies #CBDCs #finance #banking #cryptocurrencies
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✅Truths and ⛔️false about CBDC ⛔️CBDCs are not created for total control of all citizens. Total control of you is already accomplished by a mix of google + bank cards + street cameras, CBDC is not needed for that. ⛔️CBDCs won't be able to replace Bitcoin and the rest of the cryptocurrencies. CBDC like other forms of fiat is a reflection of the state's economy with all the flaws and chips. If the state-issuer feels good, then the fiat is strong, and vise versa. ✅The bank's risk is removed. In other words, the bank can't spend your money on something and fail, like with regular fiat. In the past you could say that poor quality banks exist only in third world countries, but now we have seen banks fail in the US and Switzerland.
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Project Polaris "Part 4: A high-level design guide for offline payments with #CBDC" by Bank for International Settlements – BIS Providing offline payments with CBDC is an important requirement for many central banks. Design choices must consider requirements for the whole solution. Trade-offs will exist between different requirements. Central banks can take an iterative approach to design. Central banks should understand their context and objectives for providing offline payments with CBDC before applying any design choices. The overall maturity of offline CBDC payment solutions is evolving: very few are in a live environment working at scale. For offline payments with CBDC, central banks can be a driving force for collaboration and innovation. #Blockchain #CBDC #FinTech
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