BRICS nations have announced the launch of an autonomous payment system utilizing cryptocurrency and blockchain technology, aiming to challenge traditional financial frameworks and enhance financial sovereignty. This initiative signifies a shift towards decentralization, offering advantages such as faster transactions and reduced costs, while also fostering innovation and cooperation among member nations.
BerniceSpain's Banco de España partners with Cecabank, Abanca, and Adhara Blockchain to test a wholesale CBDC, exploring innovative digital currency applications.
BrianCoinbase has introduced a new feature that allows USD transfers in Singapore through the SWIFT network, improving the process of converting between traditional currency and cryptocurrency.
ZoeyFollowing a security breach at NFT Trader, stolen BAYC and MAYC NFTs were quickly recovered, highlighting the need for improved security in the NFT space.
Huang BoThe trial involved real-time transfers and swaps of synthetic USDC and EURS to wallets owned by Deutsche Bank.
ClementThe tests are part of Project Mbridge, a CBDC network that the HKMA is testing with the People's Bank of China.
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Coinlive The financial messaging system said it has carried out transactions between different blockchain networks, using both CBDCs and fiat currencies.
CoindeskMichael Miebach, CEO of Mastercard told an audience of blockchain executives that he expects SWIFT to phase out of existence in as little as five years' time.
CointelegraphThe bank messaging service, which dates back to the 1970s, is looking to connect CBDCs to each other and to traditional currencies as it tries to stay up to date.
Cointelegraph
