MasterCard launched a Central Bank Digital Currency (CBDC) test platform that allows users to simulate the issuance, distribution, and exchange of CBDCs
Bahamas started developing the Sand Dollar after the 2019 hurricane, seeking to "full-proof" its financial system against such destruction in the future.
Japan’s interest in a digital yen went up a notch after the government included it in its official economic plan. Japan has also been doing extensive research.
The Bank of Japan has been exploring the technical feasibility of a CBDC and in its latest paper; it dives into offline usage for those without smartphones.
Lithuania has revealed it will launch its CBDC in the coming week. However, the digital currency is a bit different and will not target retail payments.
The Bank of Canada has put up a job posting for a project manager for its CBDC project. The posting revealed more details about the regulator’s CBDC plans.
Ghana has been working on a digital currency for months now, and as the deputy governor of its central bank revealed, it’s scheduled to begin testing it soon.
Central bank digital currencies could be a viable and positive alternative to fiat that could restore trust in the monetary system.
Agricultural Bank of China has launched a test app for the PBoC’s digital currency, giving the first real insight into how people will interact with the CBDC.
Should central banks ultimately introduce digital currencies, they could be launched with the help of private companies.
The Bank of International Settlements anticipates a rise in interest for digital currencies because of the coronavirus.