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Citigroup CEO Says The Bank Is Helping Governments Around The World Create CBDCs

Citigroup Chief Executive Michael Corbat stated in a Bloomberg interview that Citi Bank is helping governments “around the world” in creating fiat Central Bank Digital Currencies (CBDCs.) While speaking to David Rubenstein at a Bloomberg event, Corbat declared that CBDCs are “inevitable” for the future of money. Adding that, Citigroup, was in the process of… Read More

Deutsche Bank: Digital Central Bank Currencies Will Permanently Replace Fiat Due To Pandemic

In a report titled “Konzept #19 – What We Must Do to Rebuild” published this week, Deutsche Bank Research listed economic evaluations and proposals to aid global economies affected by the COVID-19 pandemic declaring that CBDCs would soon permanently replace cash. Citing that “cash has come under much scrutiny during the pandemic” due to concerns… Read More

Paypal To Explore CBDCs As well As Cryptocurrencies For Its Customers

PayPal will explore adding central bank digital currencies, in addition to enabling users the ability to buy and sell —Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. Senior executives at global payments giant PayPal have revealed additional details about its plans to integrate cryptocurrencies next year during a Q3 2020 earnings call, including plans to support central… Read More

ECB Sends Another Confirmation of Coming Global Currency War

As China takes a step forward on its CBDC, which some think will pose a threat to ‘dollar dominance,’ the Eurozone and the European Central Bank (ECB) is joining the show, and scrutinizing central bank digital currency. There’s no more urgent motive than to shield the Eurozone from other public or private digital currencies –… Read More

Federal Reserve Makes FedNow XRP Statement

The Federal Reserve has made a FedNow XRP statement. In August, the Federal Reserve announced its plans to create a 24-7 digital payment settlement system. The name of the project, FedNow, will help expedite the process of settling payments. Many people in the XRP community have prognosticated that a partnership between the US Federal Reserve… Read More

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