-
The Riksbank will sign a deal with Accenture to create a pilot platform for its e-krona digital currency. The public procurement resulted in eleven requests to participate, from which the Riksbank selected three suppliers who were invited to present tenders. The Riksbank intends to sign an agreement before the end of the year. https://www.riksbank.se/en-gb/press-and-published/notices-and-press-releases/notices/2019/riksbank-develops-an-e-krona-in-a-test-environment/
-
President Christine Lagarde confirmed that the ECB will accelerate the work of the task force exploring central bank digital currencies (CBDC). The aim is to deliver a paper around mid-2020.
-
“My personal conviction is that given developments we see, not so much in bitcoin but in stablecoins projects… we’d better be ahead of the curve because there is clearly demand out there that we have to respond to.”
-
The wide adoption of a new technology comes with “small wins” that tackle large-scale problems. Focusing on attainable and measurable objectives is the key to achieving high transactional volumes. The players that offer tangible solutions to billion-dollar issues will have higher chances of staying afloat and succeeding in the entrepreneurship arena.
-
Universally accessible central bank digital currency would bring no additional benefits for Switzerland at present. Instead, it would give rise to new risks, especially with regard to financial stability. The Federal Council approved a report examining the opportunities and risks of introducing a cryptofranc (e-franc), and they and the Swiss National Bank will continue to monitor developments in this area closely.
-
Banks are issuing more notes than ever and yet they seem to be disappearing off the face of the earth. Central banks don’t know where they have gone, or why, and are playing detective, trying to crack the same mystery.
-
“The final story in this analysis is that, in totality, nearly six years of aggregate data paint the picture that Bitcoin has utility and that its promise is beginning to be realized for the types of people Satoshi said it would.”
-
Terra announced its stablecoin issuance protocol would act as Mongolian messaging app memeChat’s new financial backbone. That app, which has attracted 50,000 users since its March launch, now features the Terra-backed memePay payment service as well.
-
Through a subsidiary called solaris Digital Assets, the Berlin-based bank will offer a white-labeled custody product, the company recently announced.
Kiffmeister’s Fintech Daily Digest 12/13/2019
