Mastercard had issue the white paper “Central bank digital currencies (CBDCs)“ in 2022 and answered a question: “How Mastercard can support central banks in their exploration of Central Bank Digital Currencies”. This essay captures the essence of the white paper, focusing on the potential of CBDCs and Mastercard’s commitment to supporting central banks in this digital transformation.
Project Orchid: Pioneering the Future of Digital Currency in Singapore
This essay captures the essence of Project Orchid, highlighting its phases, objectives, and the caution advised regarding personal financial security. The project represents a significant step towards understanding and potentially implementing a digital currency in Singapore’s financial system.
Embracing the Digital Currency Revolution: Visa’s Strategic Vision
Visa had issue a report “Digital Currency: Visa’s Vision for Supporting the Future of Money“ in 2021 and shared Visa’s outlook on the digital currency landscape and their approach for making digital currencies more safe, useful, and applicable for payments. This essay encapsulates Visa’s comprehensive strategy and commitment to shaping the digital currency domain, reflecting its ongoing efforts to adapt and innovate within the dynamic world of payments.
This essay encapsulates the Hong Kong Monetary Authority’s (HKMA) efforts and progress as of April 2024 in the realm of Central Bank Digital Currency (CBDC), highlighting key projects and the establishment of the CBDC Expert Group to spearhead research and collaboration. The HKMA's cautious yet forward-thinking approach underscores its readiness to embrace the future of digital currencies.