article thumbnail

Central Bank Digital Currency In India: The New Money Is Here!

Forrester eCommerce

The world of money is changing, and India has made impressive progress toward innovations in digital payments. India’s central bank, Reserve Bank of India (RBI), is now focusing on Central Bank Digital Currency (CBDC). Things have been a little hazy around the use of cryptocurrencies in India.

article thumbnail

Decoding China’s Central Bank Digital Currency

Forrester eCommerce

The digital yuan, the central bank digital currency (CBDC) of China, has already been tested in several major cities across the country. In fact, the digital yuan […].

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understand The State Of Central Bank Digital Currencies In Asia Pacific

Forrester eCommerce

The Asia Pacific (APAC) region is at the forefront of central bank digital currency (CBDC) development. Most APAC countries are proactively exploring and experimenting with CBDCs. China, South Korea, India, and Thailand are proactively piloting retail CBDCs.

article thumbnail

The Unstoppable Rise Of Central Bank Digital Currencies (CBDCs)

Forrester eCommerce

In his #1 international best seller “Sapiens: A Brief History of Humankind”, Dr Yuval Noah Harari observed that people the world over who do not believe in the same god or obey the same king are more than willing to use the same money. As Dr Harari points out – historically speaking – money required […].

article thumbnail

Bank of England launch digital currency consultation

365 Retail

Officials said on Tuesday that it would launch a consultation on the introduction of a so-called central bank digital currency (CBDC) next year. But it would take until at least 2025 for such a currency to be launched in the UK, the Treasury and Bank of England said.

article thumbnail

Digital Currency Exchange Plans To Launch India’s Biggest NFT Marketplace, Suggest Reports

Ecommerce Guru

The digital currency exchange is taking proactive steps in what is going to be a revolutionary approach toward different NFTs marketplaces in India. The digital currency exchange has planned to launch the first-of-its-kind and the biggest NFT marketplace along with its Peer-to-Peer (P2P) engine.

article thumbnail

Smart Contracts for Digital Currencies or Assets

Digital Doughnut

In 1994, there were no digital platforms like the ones we know today, which is why Nick Szabo's concept of smart contracts did not receive the attention it deserved until almost 20 years later.