While the first two words of CBDC relate to central banks, they are not the sole stakeholders of the technology. But where do commercial banks and other financial institutions fit into this disruptive transformation, what will their role look like, and…
Cryptobanknotes are the first generation of hybrid banknotes produced using banknote printing technologies and blockchain technology. They will have their own e-wallet and interact with it using software, thanks to machine-readable codes printed on the…
In this article, we will focus on the various aspects of CBDC that can help drive digitization and promote responsible innovation. We believe digitization will help drive new value created in the global economy in the coming decade. However, the rate…
Pinaka Consulting served the Eastern Caribbean Central Bank (ECCB) on its CBDC project, providing programme management and technical oversight in the design, development, implementation, and operationalisation of the DCash product. With the DCash pilot…
The National Bank of Kazakhstan is building payment and digital financial infrastructure in the interests of everyone. These projects are aimed to stimulate competition, increase security and convenience, and, importantly, reduce the cost of financial…
Offline use may be a critical differentiating factor in the value proposition of a CBDC for end users, compared with its commercial bank card and electronic counterparts. Because consumers understandably do not appreciate the difference between commercial…
The Digital Dollar Project is a convener of ideas, people, and organizations to facilitate open experimentation and data collection for consideration. We have set out to explore the thesis that a tokenized U.S. dollar could provide societal and economic…
APIs can significantly accelerate the pace of product and infrastructure development, as well as the integration of various payment systems. The FIS CBDC & Digital Currencies Connected Ecosystem™ can also accelerate delivery of the prototypes, allowing…
In 2016, the Bank launched the FinTech Center in the Payment and Settlement Systems Department. Since its inception, the Center has engaged in efforts to encourage novel technologies that would contribute to the further convenience and efficiency of financial…
When considering CBDC versus mobile money, the similarities between the two technologies outweigh their differences. Yet, CBDC is said to be different from any other type of payment instrument including mobile money, card payments, or electronic funds…
