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Tag Archives: CBDCs

Governor Lael Brainard: Private Money and Central Bank Money as Payments Go Digital: an Update on CBDCs

Governor Lael Brainard AI

Technology is driving dramatic change in the U.S. payments system, which is a vital infrastructure that touches everyone.1 The pandemic accelerated the migration to contactless transactions and highlighted the importance of access to safe, timely, and low-cost payments for all

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DBS, J.P. Morgan and Temasek to establish platform to transform interbank value movements in a new digital era

JPM JPMorgan Chase Bank

Designed as an open platform to encourage broad participation by banks globally Platform will leverage blockchain technology and digitise M11 commercial bank money to reduce current frictions and latency for cross-border payments, trade transactions and foreign exchange settlements

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