Bank of Spain has revealed various partners to aid in wholesale central bank digital currency (CBDC) trials.

#CBDCProject #CBDCPartnerships #CryptoExpectation #CryptonewswithJack #CryptoNews🔒📰🚫

Central bank digital currencies (CBDCs)

Can anyone in the know shed some light on whether the Crypto market would or would not like to have this? Seems some politician’s don’t want these and I don’t know enough to form an opinion either way. Thanks.
#CBDCPartnerships #BTC #Write2Earn #CryptoMoj $BTC

Kazakhstan Officially Launches CBDC

Kazakhstan has officially launched its very own Central Bank Digital Currency (CBDC), the digital tenge. Indeed, Kazakhstan’s National Payment Corporation (NPC) has seen its chairman, Binur Zhalenov, make the first official transactions with the currency, according to local news outlets.

Zhalenov spoke at the XI Congress of Finance in Almaty on Wednesday, where he paid with a debit card that was connected to a CBDC account. Additionally, he promised “massive platform development” as the CBDC moves into 2024.
#CBDC #CBDCPartnerships #cbdc
$SOL $XRP $BTC

Solomon Islands and Soramitsu Unveil Partnership To Launch CBDC Pilot.

The Central Bank of Solomon Islands has revealed a partnership with Japanese blockchain Soramitsu to launch a proof-of-concept for a CBDC named Bokolo Cash.

In a Keynote speech on Tuesday, Solomon Islands Prime Minister Manasseh Sogavare said his country was embarking on the CBDC journey with the goal of leveraging technology as “a catalyst for inclusive and sustainable development, ultimately fostering shared prosperity across our beautiful nation.”

Bokolo Cash will be equivalent to one Solomon Islands dollar, and citizens will be able to use it for transactions in retail environments within the capital city of the island nation, Honiara, as well as for person-to-person transfers.

Commercial banks will test wholesale transfers, along with simulated cross-border payments and remittances. Additionally, users will be subjected to a “two-tier” Know Your Customer verification process, according to Soramitsu.

While the project started in early November, the official announcement was only unveiled earlier this week. The pivotal legislative step, the CBSI Amendment Act 2023, necessary to empower the Central Bank of the Solomon Islands to issue the CBDC, was successfully enacted on November 3rd.

“By embracing digital currency, we position our nation at the forefront of the global technological landscape,” Sogavare continued in his speech. “The CBDC Pilot Project signifies our commitment to embracing the future, capitalizing on the efficiency, transparency, and security that digital currency offers.”

The Solomon Islands, comprising over 900 islands to the west of Papua New Guinea with a population of approximately 700,000, is now part of a growing trend among island nations exploring CBDC. Palau, the Marshall Islands, and Mauritius have previously experimented with CBDC. Notably, the Eastern Caribbean countries have already embraced an official CBDC known as DCash.
#cbdc #CBDCPartnerships #CBDCs #CBDC. #CBDCNews
$XRP $SOL $SHIB

Economist Nouriel Roubini's Firm Launches Climate-Focused #CryptoTargets ; Critics Are Currently Roasting the Economist #CryptoGoals #CBDCPartnerships

🚀 XRP Leads Altcoin Rally Amid Ripple's Legal Victories and CBDC Partnerships

Linkan here, and today we're examining XRP's impressive 8% surge, which has placed it at the forefront of the altcoin rally. This remarkable uptick is not just numbers; it's a story of triumph and strategy, as Ripple's legal victories intertwine with its expansion into the Central Bank Digital Currency (CBDC) sector.

Behind the Surge: A Closer Look at Ripple's Legal and CBDC Milestones
The crypto market often moves on sentiment, and Ripple's recent wins in the courtroom have bolstered investor confidence, propelling XRP to new heights. But there's more: Ripple's foray into CBDCs through strategic partnerships is painting a future where digital currencies and traditional banking systems coalesce.

What This Means for the Crypto Landscape
As $XRP climbs the ranks, it's essential to understand the broader implications of Ripple's moves. Are these developments a harbinger of a more mainstream role for cryptocurrencies, or is XRP's rally a temporary spike in an unpredictable market?

Join the Discussion
I invite you to weigh in on XRP's rally and Ripple's strategic moves. Is this the beginning of a new era for cryptocurrencies, or just another twist in the ever-evolving crypto narrative? Share your thoughts and let's explore this together.

Remember, while I share the latest trends and insights, this isn't financial advice. It's about staying informed and making your own decisions in the dynamic world of crypto.

#Ripple #CryptoRally #Altcoins #CBDCPartnerships #CryptoMarketTrends

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