Bitcoin News Thebittimes.Com

Sheikh Bandar, the governor of the central bank of Qatar, has outlined the country’s progress with its central bank digital currency (CBDC). Qatar’s plans for a CBDC align with other central banks globally that have announced plans to launch digital currencies pegged to their fiat currencies . Qatar’s central bank’s plan for a CBDC Numerous central banks are taking the journey towards CBDCs globally, and Qatar is among the countries joining the space. Bandar recently appeared in an interview saying that a Qatar CBDC was on the way. However, the country would thoroughly assess the benefits and costs of such a digital asset before it is launched. “Many central banks are now considering to issue CBDC, and we are not an exception to that. But we are still in foundation stage. We are evaluating the pros and cons of issuing CBDC and to find the proper and the right technology and platform to issue our CBDC,” the governor added. Buy Bitcoin No...

A panel discussion hosted at Surfin Bitcoin, France, illustrated that while Bitcoin works for those in need, more education is required. Bitcoin (BTC) is there for those that need it most; the rest may need time to learn. This message reverberated around the casino conference hall during a panel at Surfin Bitcoin, a Bitcoin-only conference in Biarritz, France, on Aug 26.  Panelists Ben Perrin, a Bitcoin Youtuber; Ernesto Hernandez, a Salvadoran business consultant; and Carol from the popular Brazillian Youtube channel “Area Bitcoin” tackled a tricky topic: “Victims of the Banking System around the world: Inflation, Censorship.” The role of Bitcoin in such testing environments was brought into question. From left: Hall, Perrin, Carol and Hernandez The panelists unloaded experience, evidence and anecdotes from their respective countries: Perrin from Canada, Hernandez from El Salvador and Carol from Brazil in order to tackle the topic. Hernandez, for example, was quick to illustrate tha...

Join Our Telegram channel to stay up to date on breaking news coverage The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has conducted an 8-month trial on multiple technologies and central bank digital currencies (CBDCs). The experiment conducted by SWIFT says that these monetary products could be used in supporting cross-border transactions and the global financial network. SWIFT explores a global CBDC network Earlier this year, SWIFT unveiled a program intended to link different CBDC systems and ease the process of cross-border settlements. At the time, the Chief Innovation Officer at the company, Thomas Zschach, said that the products had a “blind spot” and could facilitate easy transactions between countries. A press release from the company said that the trial period for SWIFT had ended. The matter proved that CBDCs could support international payments and their conversion into fiat if needed. The experiment conducted by SWIFT included ...