CBDCs and Experimental Exploration

Like any other disruptive innovation, when a newly emerging phenomenon is addressed, the recommended approach is an experimental exploration. Central banks worldwide are now engaging in this process, as experts have yet to determine the specific steps…

Visa - Pyramids, Partnerships, and Choice: In Praise of an Open Payments Ecosystem

Visa Economic Empowerment Institute (VEEI) research found that small businesses which were digitally enabled and connected to global and regional marketplaces fared better during the pandemic than firms that were not; these digitally enabled and connected…

Will CBDCs Disrupt the Financial Sector?

Central bankers worldwide fear that a CBDC introduction could lead to destabilizing effects in the financial sector. In this article, we discuss why this so-called disintermediation is indeed a threat and provide a simulation to quantify these effects…

Bank of Canada: Towards a Digital Canadian Dollar - If, How, When

While we do not see a need now to issue a CBDC, we are preparing for a day when the Government of Canada may give us the green light to launch a viable CBDC that Canadians could use with confidence. Our research on policy and design has shifted accordingly,…

In Conversation with Mark Gould, Chief Payments Executive, Federal Reserve Financial Services

Central Bank Payments News catches up with Mark Gould, a 30-year veteran of the Federal Reserve System and its first chief payments executive. In his new landmark role, Mark is responsible for leading the full range of cash and payment services provided…

In Conversation with Sheila Warren

Central bank digital currencies (CBDC) and stablecoins captured the headlines in 2020, with central banks ramping up their research and pilot projects and the first issuance of a retail CBDC. What sort of developments can we expect in 2021? CBPN caught…

EMTECH: The Coming Modernization of Central Banking

EMTECH is the fintech of Modern Central Banking, helping regulators leapfrog existing regulatory frameworks and systems, and to adopt an innovation mindset as well as an innovation toolset, says D.R. Maurice, Chief Risk & Policy Officer. A Modern Central…

CBDC Tracker: Classifying and Comparing Worldwide CBDC Projects

To provide a detailed database for CBDC projects, we have set up the CBDC Tracker. The CBDC Tracker is an open-source tool gathering CBDC-related information worldwide. The CBDC Tracker can be used to compare CBDC projects according to a broad array of…

The Italian Banking Association’s Spunta and Digital Euro Projects

Disruptive technologies. Even better, technology that explicitly aims to disintermediate traditional banks. There are three possible reactions: you can simply ignore it, you may hope they disappear, or you can try to understand and embrace the change. In…

Looking Back and Ahead: The Riksbank’s E-krona Project

The Swedish Riksbank’s work on analyzing the potential need and consequences of issuing a Central Bank Issued Digital Currency (CBDC), the e-krona, has attracted significant international attention. Many central banks around the world are also investigating…