Bahrain Economic Development Board (EDB)’s Post

🌍 Exciting news in the world of payments! 🙌 I am thrilled to announce that #Worldline, in collaboration with the European Central Bank, is playing a crucial role in shaping the future of payments in Europe through our participation in the #DigitalEuro prototyping. 🚀 As a leader in payment services, we are committed to strategic and transformative projects that align with the #ECB's objectives. One such project is the "person-to-person offline payments" use case, which focuses on enabling individuals to make payments without an internet connection. 💸 To support this initiative, we are working tirelessly to create an innovative #ElectronicWallet for the physical storage of funds. This will allow us to contribute to the testing and integration of technology for the digital euro across different scenarios. 📲 Join us on 7 September at the Nationale Bank van België auditorium, where Sylvie CALSACY and leading experts will delve into the fascinating topic of "Digital Euro: An Evolution of our Money." 🗓️ Don't miss the chance to be part of this dynamic discussion and gain valuable insights into the future of payments! 🤝 #Worldline #DigitalEuro #ECB #ElectronicWallet

On 7 September, join Sylvie CALSACY and leading experts for this fascinating panel discussion on "Digital Euro: An Evolution of our Money" held at Nationale Bank van België auditorium. #Worldline, chosen by the European Central Bank, is actively involved in shaping the future of payments in Europe through its participation in the #DigitalEuro prototyping. As a payment services leader, we are committed to strategic and transformative projects that align with the #ECB's objectives. One such project is the "person-to-person offline payments" use case, focusing on enabling individuals to make payments without an internet connection. By creating a #DigitalWallet for the physical storage of funds, we aim to contribute to the testing and integration of technology for the digital euro across different scenarios. Worldline Financial Services

CBDC is forging the future of finance and digital transactions. As of today these countries have already adopted Central Bank Digital Currencies (CBDCs). These are among three early adopters: 1. The Bahamas 2. Jamaica 3. Anguilla 4. Nigeria 5. Seven jurisdictions within the Eastern Caribbean Central Bank, which include: • Antigua and Barbuda • Dominica • Grenada • Saint Kitts and Nevis • Saint Lucia • Saint Vincent and the Grenadines • Montserrat India is in advanced stages of development and expect an imminent adoption of CBDC very soon. Any news about UAE and Singapore?

📢Exciting developments are happening in the world of digital currency! On September 7th, industry experts, including Sylvie CALSACY, will come together for a thought-provoking panel discussion on "Digital Euro: An Evolution of our Money" at the National Bank van België auditorium. @ Worldline, we are proud to be chosen by the European Central Bank to play an active role in shaping the future of payments in Europe. Through our participation in the Digital Euro prototyping, we are contributing to strategic and transformative projects that align with the ECB's objectives. One of these projects is the "person-to-person offline payments" use case, which aims to enable individuals to make payments without the need for an internet connection. Our focus is on creating an Electronic Wallet for the physical storage of funds, which will help test and integrate technology for the digital euro across various scenarios. We believe in the potential of digital currency and are committed to driving innovation in the industry. Join us in exploring the possibilities of the Digital Euro and its impact on the future of money! #Worldline #DigitalEuro #ECB #ElectronicWallet

Thrilled to share some highlights from our recent, incredibly productive visit to the UAE 🇦🇪! We had the privilege of meeting with several esteemed entities, including the Central Bank of The UAE and Presight - part of the G42 family. Here’s a snapshot of our agreements: ✅ Decided to sign a MoU with CBUAE for the development of digital financial infrastructure, with a keen focus on Central Bank Digital Currencies (CBDC) and Supervisory Technology (SupTech). ✅ Agreed to pilot cross-border CBDC transactions through #mBridge, setting the stage for future financial innovations. ✅ Embarked on a cooperative journey with G42 and PreSight to develop an AI Lab. This venture leverages the sovereign Kazakh Large Language Models (LLM) for cutting-edge financial use cases. These milestones mark significant steps forward in our quest to innovate and transform the financial landscape. A huge thank you to all our partners and teams involved! #CBDC #SupTech #DigitalInnovation #FinancialTechnology #AI #CrossBorderTransactions #KazakhInnovation #UAE #CentralBanking #Partnership #Progress #Technology 🌟 Excited for what lies ahead and the impact these collaborations will bring to our industries and beyond. Let’s shape the future, together!

As part of the efforts of the Central Bank of Jordan to keep pace with the most prominent developments taking place in the financial and banking industry, and specifically digital currencies issued by central banks, the Central Bank has joined as a supervisor on the Project #mBridge Project #mBridge is a collaborative effort of the Bank for International Settlements – BIS Innovation Hub, four founding central banks and over 25 observing member. This step represents a new opportunity to explore the most prominent benefits resulting from relying on these digital currencies for cross-border transfers. Central Bank of Jordan JO FinTech 🇯🇴 #CBDC #digitalassets #digitalcurrencies #fintechinnovation

What are your views on #CDBC adoption and practicality of payment use cases? Another fantastic and thought provoking publication from Bank for International Settlements – BIS The report covers the technology, legal and governance underpinnings of this truly innovative multi-#CBDC wholesale #crossborderpayments platform experimentation. #innovation #digitalasset #centralbanks

The Digital Som Project Group of the National Bank of the Kyrgyz Republic (hereinafter referred to as "the National Bank") announces that, as part of the request for "Functional and Technical Requirements for the Digital Som Prototype," it has received proposals from twelve interested companies for testing the digital som prototype in an experimental mode (Sandbox). These proposals are aimed at exploring central bank digital currencies (CBDCs). The companies that have submitted their proposals include: 1. Axellect; 2. DCM, Ltd.; 3. EMTECH, Inc.; 4. FIS, Inc.; 5. G+D Filia GmbH; 6. Knox Networks, Inc.; 7. MONTRAN; 8. Nahmii, Ltd.; 9. R3 Corda Ltd.; 10. SICPA/Nabatech Inc.; 11. TCS Quartz, Ltd.; 12. Xiamen Huge Energy Stock Co., Ltd. After a thorough analysis and evaluation of the proposals submitted by these vendors, the National Bank will select a CBDC vendor to develop a demo version of the digital som. This includes simulating payments and conducting initial test operations in a controlled environment using the digital som. The selection criteria will focus on blockchain platform technology, innovation potential, technological reliability, security of the proposed solutions, speed of payments, and the ability to integrate etc.

Australian #CBDC pilot report is out from the Reserve Bank of Australia and Digital Finance Co-operative Research Centre. Thanks Michael Bacina and the team at Piper Alderman for the note below. Of interest, the use cases identified concerns over regulatory clarity, for which one proposed fix is a regulatory sandbox approach - a concept that Alex Sims and I also proposed for New Zealand for this reason in our recently released report on digital assets for the Finance & Expenditure Select Committee of the NZ Parliament. #crypto #digitalassets

The European Central Bank’s proposed digital euro could accelerate innovation and help the Eurozone leap ahead. We've just released the attached publication, highlighting the opportunities that the Digital Euro might bring for your business. The Digital Euro – if done right – could be the basis for an innovation ecosystem. As the Digital Euro carries potential to change the way we perceive and use money and payments, we consider it an important step forward in fintech innovation. #DigitalEuro #Innovation #ECB #FinTech