central bank digital currency

Five trends to shape blockchain in 2020

The year 2019 was pivotal for enterprise blockchain. The technology expanded beyond adoption by innovators and first movers to include a growing number of organizations working together to rapidly turn blockchain’s promised value into tangible business results. As active blockchain networks bring real transformative change to a number of industries, the IBM Blockchain team conducted […]

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When are stable coins useful?

Global payments revenue grew by 11 percent from 2016 to 2017, according to the McKinsey Global Payments Report, and is projected to grow a further 9 percent per year until 2022. Counter-intuitively, this can be partly attributed to the declining cost of payments, McKinsey says. As cheaper electronic payments continue to replace cash and cheque, […]

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Central bank digital currency explained

Cross-border payments play an important role in the global economy. According to the World Bank, in 2017, global remittances grew 7 percent to USD 617 billion. Based on the same report, sending just 200 dollars was 7.1 percent of the price, double the sustainable development goal target of 3 percent. Even in developed nations, it’s […]

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What is a central bank digital currency?

From bank hackers to a cashier giving you the wrong amount of change, the current financial system is wrought with both technical susceptibilities and human error. By using blockchain technology to build upon the current framework, a central bank digital currency (CBDC) could lead to improvements on the current payments system while reducing overall costs […]

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