Middle Eastern central banks eye CBDC for cross-border payments
At a recent World Economic Forum event, central bankers from Bahrain and Saudi Arabia discussed CBDC opportunities, from cross-border payments to interest rate moderation.
At a recent World Economic Forum event, central bankers from Bahrain and Saudi Arabia discussed CBDC opportunities, from cross-border payments to interest rate moderation.
While emphasizing the potential of CBDCs in enhancing payments and securities transactions, the World Economic Forum also identified a number of industry challenges where the technology can be of good use.
In a roundtable, President Ferdinand Bongbong Marcos Jr. voiced the need to integrate AI into the Philippines' economic growth, earning praise from industry leaders, who also cautioned about the need to mitigate risks.
A post by the World Economic Forum suggests that rising artificial intelligence adoption rates require a new approach from educators in the areas of skill development, assessment, and teaching.
Blockchain, as the backbone of artificial intelligence, is now being recognized on the global stage, with the Davos crowd declaring that the ledger could be a critical tool in addressing AI bias and misinformation.
The WEF 2024 report states that one of the most pressing concerns is the proliferation of misinformation and disinformation from generative artificial intelligence.
The rise of blockchain-based digital IDs will offer economies multiple benefits, with fraud prevention and financial inclusivity in mind.
Klaus Schwab invited the Philippines to an upcoming tech hub where the country can showcase its investment opportunities while exploring emerging tech.
Policymakers in Davos for the World Economic Forum (WEF) seized the opportunity to launch a payment network designed to encourage interoperability between stablecoins and CBDCs.
PEZA's OIC Deputy Director Tereso Panga noted that the Swiss companies had contributed over 8,000 jobs to the local economy while injecting nearly $350 million into the nation's GDP.
Bitcoin users have begun to notice connections between some major projects and financial organizations like the World Economic Forum, these connections are real, but it's only scratching the surface.
There are gaping holes in Africa’s response to the deadly virus, and according to Kayode Babarinde, the executive director of the Africa Blockchain Institute, blockchain could be the solution.