Iran to open the Digital Rial CBDC pilot program to the public this month
The public roll out of the Digital Rial pilot program will start in Kish Island. The public rollout of the CBDC’s pilot program aims to test efficiency in transactions, enhancing…
Mastercard launches crypto credentials P2P pilot program to simplify transactions
The Mastercard crypto pilot program uses aliases to simplify and secure transactions. The initiative involves partners like Bit2Me, Lirium, Mercado, and FoxBit. Concerns, however, persist about centralization and data security…
Chainlink soars after DTCC completes major pilot; Bitbot readies for market entry
Chainlink price rose more than 20% in 24 hours, reaching $16.62 at the time of writing on Friday. LINK surged as the Depository Trust and Clearing Corporation (DTCC) announced it…
Philippines’ central bank greenlights pilot for Peso-backed stablecoin
BSP approves pilot for PHPC, a Peso-backed stablecoin, in collaboration with Coins.ph. Sandbox testing to evaluate PHPC’s real-world performance and impact on local fiat ecosystem. Transition to real-world usage subject…
Germany’s DZ Bank set to pilot crypto trading
DZ Bank, Germany’s 2nd largest, will pilot crypto trading for cooperative banks. The initiative aims to meet rising customer demand for direct access to cryptocurrencies. DZ Bank’s move reflects a…
HSBC and Hang Seng join Standard Chartered and Fubon Bank in China’s Digital Yuan Pilot
HSBC and Hang Seng Bank have officially joined China’s digital Yuan pilot. HSBC China customers can now utilize their debit cards to access personal digital Yuan wallet services. There have…
Georgia selects Ripple as key partner for its Digital Lari pilot project
Georgia’s central bank has partnered with Ripple to pilot the country’s CBDC project, Digital Lari (GEL). The National Bank of Georgia picked Ripple as its technology partner and will jointly…
Deutsche Bank and Standard Chartered pilot SWIFT alternative for digital currencies
Deutsche Bank and Standard Chartered test Universal Digital Payments Network (UDPN) for digital currency transactions. UDPN connects blockchain networks, facilitating seamless transactions between stablecoins and CBDCs. UDPN, with 25 participating…
Sberbank to join Russian Central Bank’s Digital Ruble pilot
Russia’s largest bank, Sber, is set to play a vital role in CBDC testing. Sberbank operates several tech solutions including Okko streaming, Citymobil taxi, SberSound, and SberMarket. Russia’s digital currency…
Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera
Shinhan Bank and Siam Commercial Bank’s SCB TechX recorded real-time, low-cost remittances. The pilot on the Hedera network involved cross-border stablecoin payments using South Korean won (KRW), the Thai Baht…