Tag Archives: central bank

ECB spokesman suggests banks develop cheaper payment solution to counter Facebook’s Libra

Why Facebook’s Libra Cryptocurrency Is In Trouble Jens Weidmann, Governor of the German Central Bank and Representative of the European Central Bank (ECB), called on European banks to develop more cheap and fast payment solution, which will be able oppose Facebook’s Libra stablecoin. He believes that banks should not constantly turn to the state for […]

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Central Bank of Rwanda begins developing its own digital currency

Why central banks want to launch digital currencies | CNBC Reports The Central Bank of Rwanda is developing a national digital currency, with help which hopes to improve the efficiency of transaction processing and stimulate economic growth. By words Masozera Uwase, Head of Financial Stability, an African country studying the experience of the central banks […]

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