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John Winchcombe

25 Sept. 2023

4 min read

CBDCs: Scepticism and Challenges

The CBDC Conference took place in Istanbul 12-14 September, with over 60 speakers, 40 central banks and 200 delegates meeting to consider the state of play for CBDCs.

CBDC

John Winchcombe

25 Sept. 2023

5 min read

CBDC Round-Up

The Reserve Bank of Australia (RBA) has been researching CBDCs. Its latest work found legal, regulatory, technical and operation issues that suggest an early launch of a CBDC is unlikely.

CBDC Digital CN

John Winchcombe

25 Sept. 2023

2 min read

Framing the Narrative for the Future of Cash

The Future of Cash conference typically attracts some 120 participants from central and commercial banks, CIT and cash management companies, academics and other cash cycle stakeholders. The 2023 event takes place 6-8 November in Istanbul.

Events

John Winchcombe

29 Aug. 2023

2 min read

Lessons Learnt from Ghana’s eCedi Pilot

The Bank of Ghana recently briefed the Payments Canada Summit on its CBDC work, the eCedi.

CBDC

John Winchcombe

29 Aug. 2023

7 min read

The Importance of Emotion in Payment Decision Making

A new study published in the Munich Personal RePEc Archive looks at what influences consumers’ decision to use cash when presented with digital alternatives.

Cash Usage Future of Cash

John Winchcombe

29 Aug. 2023

3 min read

FCA to Ensure UK Access to Cash

The Financial Services and Markets Act 2023 is now law in the UK. The Act requires the UK’s Financial Conduct Authority (FCA) to ensure the maintenance of reasonable provision of cash deposit and withdrawal services for personal and business current accounts held at banks.

Future of Cash

John Winchcombe

29 Aug. 2023

4 min read

Vital Importance of the CBDC Use Case

The Bank of Canada (BOC) has issued a staff discussion paper examining whether or how CBDCs can deliver on the promise of financial inclusion in a cashless society.

CBDC

John Winchcombe

29 Aug. 2023

5 min read

News in Brief

Austria is looking at including the right to use cash in its constitution. A task force is looking at putting the right to pay with physical money and to guarantee access to ATMs.

News

John Winchcombe

29 Aug. 2023

4 min read

Upcoming Event Summary

Asia Cash Cycle Seminar (ICCOS) The seminar takes place 11-13 September in Bangkok, co-hosted by the Bank of Thailand. It starts with a summit for central banks.

Events

John Winchcombe

29 Aug. 2023

4 min read

Time for Cash Departments to Think Radically?

The role of Currency Issue Director is great preparation for high office in a central bank. Ask Andrew Bailey, Governor of the Bank of England, or Michelle Bullock, soon to be Governor of the Reserve Bank of Australia, both of whom have managed currency in their banks. What makes it such good preparation?

Central Banks

John Winchcombe

29 Aug. 2023

2 min read

Cashless Society Supports Friedman’s Theories

An undergraduate study in Nigeria has been published by the Munich Personal RePEc Archive which considers what happens to money, monetary policy and financial assets when cash demand falls.

Future of Cash

John Winchcombe

29 Aug. 2023

4 min read

The Difference AI Can Make

McKinsey have issued a white paper on what is happening with AI and Generative Pre-trained Transformer (GPT).

John Winchcombe

29 Aug. 2023

5 min read

Payment News

Safaricom has increased both the account and daily transaction limits on its M-Pesa mobile money service from KSh 300,000 to KSh 500,000, approximately $3,477. The limit for an individual transaction remains at Ksh 150,000.

News

John Winchcombe

29 Aug. 2023

5 min read

Figuring Out Cash Demand

The Banque de France issued a working paper in October 2022 that dealt with a number of fundamental questions about cash, questions that are particularly important in a less cash scenario. The paper addressed not just why people hold cash but why they hold different denominations. As the economy changes, what happens to cash holdings?

Cash Usage Free Free

John Winchcombe

29 Aug. 2023

5 min read

CBDC Round-Up

Laos has trialled a digital currency, the Digital Lao Kip, working with Soramitsu, a Japanese fintech company.

CBDC Digital CN

Astrid Mitchell

24 Aug. 2023

2 min read

CBDC Conference: from Niche to Mainstream

CBDCs started to become visible in published papers and discussions around 2016. No doubt there was much material before then but the acceleration of interest and activity has taken CBDCs from a niche to main stream media discussions.

Events Free Events Free

John Winchcombe

30 July 2023

4 min read

Who Really Needs Cash?

The Dutch National Bank recognises that while digital payments are a preferred payment solution for some, they are a challenge for others. A missing element in understanding this is the extent to which cash is important and which groups cannot do without cash.

Cash Usage

John Winchcombe

30 July 2023

2 min read

EC Legal Tender Definitions Fall Short

The European Commission (EC) has published proposals on the legal tender status of cash and a possible future European Central Bank Digital Currency.

Future of Cash

John Winchcombe

30 July 2023

5 min read

CBDC Round-Up

The Bank for International Settlements (BIS) has surveyed 86 central banks and found over half are conducting concrete experiments or piloting CBDCs.

CBDC Digital CN

John Winchcombe

30 July 2023

5 min read

Currency Conference Review – an Industry in Change

The Currency Conference took part in Mexico City in May 2023. Two sessions were particularly relevant, an overview of cash today and work to ensure cash is resilient.

Events Future of Cash

Latest News

CBDCs: Scepticism and Challenges

CBDC Round-Up

Framing the Narrative for the Future of Cash

Lessons Learnt from Ghana’s eCedi Pilot

The Importance of Emotion in Payment Decision Making

FCA to Ensure UK Access to Cash

Vital Importance of the CBDC Use Case

News in Brief

Upcoming Event Summary

Time for Cash Departments to Think Radically?

Cashless Society Supports Friedman’s Theories

The Difference AI Can Make

Payment News

Figuring Out Cash Demand

CBDC Round-Up

CBDC Conference: from Niche to Mainstream

Who Really Needs Cash?

EC Legal Tender Definitions Fall Short

CBDC Round-Up

Currency Conference Review – an Industry in Change

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