Central Bank of Peru Will Develop a Digital Currency
The Central Reserve Bank of Peru, the Peruvian central bank, is planning to develop a central bank digital currency (CBDC) like other economies of the world. The announcement was made by its president, Julio Velarde, who stated that the currency would be designed for use primarily in payments. However, Velarde also acknowledged this was not the best time to present the currency due to the current uncertainty in markets. Peru to Hop on CBDC Bandwagon Julio Velarde, president of the Reserve Bank of Peru, announced the institution was already working on the creation of a national....
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The president of Peru’s central bank has indicated that the country will be joining forces with India, Singapore, and Hong Kong to develop its own central bank digital currency. The president of the Central Reserve Bank of Peru Julio Velarde announced that his country will be entering the global race to develop a Central Bank Digital Currency (CBDC).At the Annual Conference of Executives (CADE) with business leaders in Lima on Nov. 16 he said: “I think the payment system we are going to have eight years from now in the world is going to be completely different from the current one… Even....
The Central Reserve Bank of Peru’s (BCRP) President, Julio Velarde, announced they are working on developing a CBDC in collaboration with other central banks around the globe. As the country experiences instability and inflation in goods and services, the central bank discusses financial models to fight the imminent crisis. Velarde shared during the business conference […]
Julio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a recent interview with local media, Velarde said the Bank did not consider bitcoin a payment method. Instead, Velarde referred to it as a “highly volatile financial asset,” that people purchase for this volatility risk.
President of Bank of Peru Blasts Crypto
Julio Velarde, the president of the Central Bank of Peru, recently shared his opinion and the considerations that the bank has about....
The Central Bank of Nigeria has said it wants players in the country’s payment industry to develop and help introduce products based on its central bank digital currency, the e-naira.
Central Bank Open to Suggestions
In its bid to deepen the adoption of the e-naira, the Central Bank of Nigeria (CBN) has asked payment service providers, financial institutions, and fintech firms to develop and introduce products that are based on its digital currency.
According to a report by the Vanguard, this plea was made by Rakiya Mohammed — the CBN’s director....
The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks Stellar Foundation to Develop Its Central Bank Digital Currency and National Virtual Asset Strategy According to the official announcement, both parties signed a “Memorandum of Understanding” to deploy Ukraine’s crypto strategy. The National Bank of Ukraine has been exploring CBDC’s for some time, there are reports on the matter since 2016. The agreement will also strengthen the....