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CBDCs: Monetary Authority of Singapore Introduces International Challenge for Developing CBDC Solutions

CBDCs: Monetary Authority of Singapore Introduces International Challenge for Developing CBDC Solutions The Monetary Authority of Singapore (MAS) reveals that it has introduced an international challenge for retail central bank digital currency (CBDC) solutions. The Global CBDC Challenge from the MAS will aim to find innovative retail CBDC solutions to improve existing payment processes while promoting greater financial inclusion. Previously, MAS had stated that it decided to focus more on wholesale CBDCs with Project Ubin as there’s currently a fairly limited demand for a retail CBDC, considering that the current payment infrastructure already allows consumers to transfer funds quickly and at affordable costs.

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Profiting from partnerships:… Fintechs, Telcos, Insurance firms & Banks in strategic plexus

Profiting from partnerships:… Fintechs, Telcos, Insurance firms & Banks in strategic plexus
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Green Project Partners With Fidelity Bank Ghana And Viamo To Improve Access And Usage Of Financial Services In Ashanti And Western Regions Of Ghana

Green Project Partners With Fidelity Bank Ghana And Viamo To Improve Access And Usage Of Financial Services In Ashanti And Western Regions Of Ghana
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Singapore crowdsources central bank digital currency development

Singapore crowdsources central bank digital currency development
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The World Bank, IMF, United Nations (UN) Launch a Retail Digital Currency Challenge to Enhance Financial Inclusion

The World Bank, IMF, United Nations (UN) Launch a Retail Digital Currency Challenge to Enhance Financial Inclusion
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