Zimbabwe Banks to Offer Credit Products with State Digital Currency Backed by Gold
Banks in the South African country will be able to offer credit products using as collateral the newly issued state digital currency, secured by gold, announced the Zimbabwe Bankers Association. The digital money, the local central bank suggests, will eventually be used i ...
South Korea’s Central Bank and Samsung Collaborate to Test Offline Payments with State Digital Currency
Central Bank of the Republic of Korea together with South Korea's largest electronics manufacturer Samsung will test the possibility of offline payments with the state digital currency. On Monday, May 15, the Central Bank of South Korea (BOK) and Samsung Electronics signe ...
Central Bank of Montenegro Collaborates with Ripple for Pilot Program on State Digital Currency
The announcement by the Central Bank of Montenegro regarding their partnership with Ripple, an American company, has been made public. The two organizations plan to collaborate on the development and launch of a pilot program aimed at testing the state digital currency, as well as forming a compr ...