US Fed’s CBDC research progresses, here are the results so far

US Fed’s CBDC research progresses, here are the results so far
фото показано с : invezz.com

2020-9-25 13:01

Over a month ago, in mid-August, the US Fed revealed that it is researching the possibility of a digital dollar, and how its own CBDC might modernize the country’s payment sector. Now, in the second half of September, the research seems to has seen progress, and the Federal Reserve Bank has revealed some details about it.

The Fed still doesn’t have plans of adopting the digital dollar

The details of the research done so far were revealed recently by Loretta Mester, the CEO and President of the Federal Reserve Bank of Cleveland. Mester spoke of the findings yesterday, September 23rd, noting that the US Fed has been exploring CBDCs for quite a while, even before the COVID-19 pandemic has started.

In other words, the researchers have been at it for quite a while, and that gave them time to build and test an entire range of DLT platforms in order to understand potential benefits, and find the best approach. Furthermore, she emphasized initiatives from other Federal Reserve branches, such as the partnership between the MIT and Boston Fed.

Lastly, there was also a collaboration between the Bank for International Settlements, and the New York Fed, which also contributed to the on-going research.

Despite this, Mester once again stressed that this is in no way a signal that the Fed plans to adopt a CBDC, and that there are still many issues that require better understanding before something like that is even considered.

However, she did note that the pandemic has made a significant disruption to the US’s crucial infrastructure. This involves the payment sector, which led to big changes to the volume and patterns of domestic transfers. The pandemic heightened the reliance on faster connectivity and digital service of both, businesses and individuals. Employees started working from home, and online shopping became bigger than ever.

She concluded by saying that, looking forward, it will be important to make the necessary investment to ensure the resilience of the US payments system.

The post US Fed’s CBDC research progresses, here are the results so far appeared first on Invezz.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Fedora Gold (FED) на Currencies.ru

$ 9.02E-5 (+38.45%)
Объем 24H $0
Изменеия 24h: 119.69 %, 7d: 104.78 %
Cегодня L: $8.72E-5 - H: $9.02E-5
Капитализация $0 Rank 4153
Доступно / Всего 0 FED / 100b FED

revealed research cbdc fed country second half

Источник: invezz.com

revealed research → Результатов: 126


66% Of Europeans Optimistic Crypto Industry Will Survive The Next Decade: bitFlyer Report

More than two-thirds of Europeans believe the cryptocurrency industry will survive in the coming decade. In a research carried out by BitFlyer, one of the largest crypto exchanges in Europe, titled, “Crypto-Confidence-Index” a poll of over 10,000 respondents across 10 countries revealed the COVID-19 may have a part to play in the increasing optimism. Over […]

2020-4-30 22:03


1.4M XRP Stolen via Fake ‘Ledger Live’ Chrome Extension; Still Available on Google

Approximately 1.4 million XRP has been stolen from the users in the month of March alone through the use of a fake Google Chrome extension. Through a thread of tweets released on March 24, a research group known as xrplorer forensics, revealed that hackers are stealing user backup passphrases through fraudulent Ledger Live extensions. Xplorer […]

2020-3-26 21:30


Charles Hoskinson says a lot is happening underneath the surface for Cardano (ADA)

The effort to improve communication with the Cardano (ADA) community has revealed the scope of work and research that has gone into the platform. According to Charles Hoskinson, the CEO of IOHK, the fruits of almost five years of labor will see the light of day in the next few months, marking the beginning of […] The post Charles Hoskinson says a lot is happening underneath the surface for Cardano (ADA) appeared first on CryptoSlate.

2020-2-6 21:30


Zcash Foundation Reveals FPGA Research Results

The Zcash Foundation has revealed the results of its latest research to create new hardware, which is expected to make Zcash (ZEC) network more efficient and affordable for end-users. The Foundation’s research in Field-Programmable Gate Arrays (FPGAs) can accelerate the verification process of the blockchain itself, as well as the cryptographic and zk-SNARKS operations which […] The post Zcash Foundation Reveals FPGA Research Results appeared first on Crypto Briefing.

2019-7-23 16:07


Фото:

‘A Geographic Breakdown of Crypto Twitter’: Research

About 38.9% of Bitcoin-related tweets are posted by US residents and 10.5% come from the UK, according to crypto-oriented data analytics platform, The TIE, and its latest research. The US Dominates the Crypto Conversations on Twitter Have you ever wondered which countries are the most active at tweeting about Bitcoin and cryptocurrencies? Crypto data analytics infrastructure provider, The TIE, have created a “Geographic breakdown of Crypto Twitter” and revealed its findings via the social media Read More The post ‘A Geographic Breakdown of Crypto Twitter’: Research appeared first on Bitcoinist.com.

2019-7-4 15:00


Chainalysis Report: Bitcoin’s Major Use Case is for Speculation

Chainalysis, a U. S. based blockchain intelligence firm’s research revealed that between January and April 2019, only 1. 3 percent of Bitcoin economic transactions were carried out by merchants and as such, speculation remains Bitcoin’s major use case and it has retarded the cryptocurrency’s massive adoption as means of payment, reports Bloomberg on May 31, 2019.

2019-5-31 20:52


Фото:

Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust

The first quarter of 2019 was bullish for the digital asset management firm Grayscale Investments and the company is gearing up to have another run. According to a first quarter “Digital Asset Investment Report” from the company, published on May 13, 2019, product inflows from Grayscale Investments grew by 42 percent over Q4 2018.

2019-5-15 19:23


Study: Biodegradable bags aren’t as biodegradable as you first thought

The idea of a “biodegradable” plastic suggests a material that would degrade to little or nothing over a period of time, posing less of a hazard to wildlife and the environment. This is the sort of claim often made by plastic manufacturers, yet recent research has revealed supposedly biodegradable plastic bags still intact after three years spent either at sea or buried underground.

2019-5-9 20:00


Crypto Asset Tokenizers Continue Attempting to Evade the SEC, While Some Deny They Ever Existed At All

The concept of initial coin offerings (ICO) first reached its height in 2017, and every potential project was launching ICOs. In the recent changes of the market, there are many issuers seeking to stay out of the sights of the US Securities and Exchange Commission (SEC) and others. Recent research has revealed that less than […]

2019-4-4 17:36


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cifra Markets review: A regulated gateway to crypto trading

Cifra Markets aims to bring regulated, transparent access to crypto in a $2.55 trillion global market. At the time of writing, the global cryptocurrency market is a $2.55 trillion market, yet millions of users still lack access to a regulated,…