Day: September 27, 2024

Kiffmeister’s #Fintech Daily Digest (20240927)

~ kiffmeister

ADB looking to implement digital currency platform (ADB)

The Asian Development Bank (ADB) is looking for a service partner to implement a digital currency platform with both online and offline capabilities. This platform will support financial inclusion in remote areas with limited internet access and offer an alternative payment method for various users. The project will focus on deploying a modular, “token-based” architecture with programmable infrastructure to facilitate peer-to-peer transactions, strengthen financial resilience, and promote innovation across sectors. The outcome of this project will be an ADB-owned digital asset that can be utilized across its member countries. [Read more at the ADB]

Do price changes affect crypto ownership? (Philadelphia Fed)

The Federal Reserve Bank of Philadelphia published an article that uses U.S. survey data to explore links between crypto prices and hodlings. It found a disconnect between market prices and ownership over the last two years. While it found a clear decrease in ownership and interest in purchasing during the crypto winter of 2022, recent growth in the market has not been accompanied by an increase in ownership in the survey population. [Read more at the Philadelphia Fed]

Upcoming Speaking Engagements:

  • Digital Euro Conference 2025, Frankfurt, March 27, 2025. The DEC25 conference will explore the future of money with a focus on CBDCs, stablecoins, tokenized deposits, and the intersection of AI and digital ID. Order your tickets before September 30 and get a 34% discount plus an additional 20% off by using the Kiffmeister20 code! [Find out more and register here]

And just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at john@kiffmeister.com.