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John Winchcombe

1 May 2022

5 min read

CBDC Roundup

The Electronic Currency and Secure Hardware Act (ECASH) has been introduced in the US Congress by Stephen Lynch, a Massachusetts Democrat and chair of the House Task Force on Financial Technology. The bill directs the US Treasury Department to conduct a pilot program for a version of digital dollars that work just like cash in that they would be stored on hardware, not in bank accounts.

CBDC

John Winchcombe

1 May 2022

3 min read

DNB Payment Strategy Published

The Dutch National Bank (DNB) has published its Payment Strategy 2022-2025. The strategy has three priorities; ensuring access to payments, maintaining a robust and reliable payment structure, and strengthening European and global payments, leveraging the Dutch experience.

Country Profile Free Free

John Winchcombe

1 May 2022

2 min read

The EMEA Cash Cycle Seminar (ICCOS) – Istanbul

In early June Currency Research will host its first in person Cash Cycle Seminar since COVID forced a postponement of the planned March 2020 event in Amsterdam. Taking place in Istanbul, the conference combines the previously separated Europe and MEA ICCOS events, with a focused agenda examining developments in the cash distribution and circulation sector.

Events

John Winchcombe

1 May 2022

5 min read

Denmark Retains a Love of Cash

The National Bank of Denmark has issued an analysis paper looking at the use of cash in society. Denmark has one of the lowest levels of cash usage in Europe with only Norway and Sweden with lower levels. While the pandemic has reduced cash usage, there are clear signs that Danes still value cash.

Country Profile Staff Papers

John Winchcombe

27 April 2022

11 min read

Creating a Roadmap to Net Zero

Denmark, France, Germany, New Zealand, Sweden, and the UK have enacted legislation requiring that their countries have net zero carbon emissions by 2050 in line with the Paris Agreement. Net zero is achieved when the amount of carbon dioxide we add to the environment is no more than the amount taken away.

Sustainability

John Winchcombe

21 April 2022

2 min read

Resilient Cash in Canada

The Bank of Canada runs two ‘Cash Alternative Surveys’ in April and August each year of a representative sample of 2,500–3,500 Canadians. It combines this with data from its Bank Note Distribution System to monitor the use of cash.

Cash Usage COVID Staff Papers

John Winchcombe

20 April 2022

8 min read

CBDCs in Emerging Market Economies

In preparation for a meeting of emerging market economy Deputy Governors organised by the Bank for International Settlements (BIS), the BIS surveyed 26 central banks and received papers relating to their CBDC work from 24 of them.

CBDC Digital CN

John Winchcombe

30 March 2022

3 min read

Inaugural Digital Currency Conference

The Digital Currency Conference (DCC) took place in person immediately after the Banknote & Currency Conference in February. The agenda raced through a wide range of topics, including quantum computing, achieving privacy with CBDCs, the Digital Dollar Project, and digital currencies.

CBDC Events

John Winchcombe

30 March 2022

2 min read

G+D Solution Part of BCB CBDC Development Project

The Banco Central do Brasil (BCB) is working on a possible future Central Bank Digital Currency (CBDC) and is looking to have its Real Digital ready for 2024.

Digital CN

John Winchcombe

30 March 2022

4 min read

Is a Fully Circular Approach to Banknotes Possible?

At the Banknote & Currency Conference last month, Swiss substrate manufacturer Landqart revealed useful new research it has been carrying out on how to dispose of banknotes at the end of their life in an environmentally sound way.

Sustainability

Paul Blond

29 March 2022

8 min read

Effective, Efficient, Sustainable and Resilient

In many countries the COVID-19 pandemic has seen cash in circulation reach record levels, yet, with diminished economic activity and a push towards ‘contactless’ payments, transactional cash use has continued to decline.

Cash Management

John Winchcombe

29 March 2022

5 min read

Payment News

In 2020 consumers made 15.5 billion debit card payments in the UK. Mastercard has just said that over half of the world’s in person payments are now made using contactless technology.

Free News Free

John Winchcombe

29 March 2022

5 min read

Digital Currency Round-Up

The Deputy Governor of the Bank of Jamaica (BOJ) has said it is on track to launch its CBDC in the first quarter of 2022, having completed the pilot in December 2021. At the moment, it is working to increase the number of commercial banks capable and ready to open accounts for CBDC users.

CBDC

John Winchcombe

29 March 2022

2 min read

The Limitations of Sovereignty

Money has a public and a private role touch on financial obligations, authority and credit. But what happens when bank accounts, credit and debit cards and even cash are disrupted by war?

Cash Usage

John Winchcombe

29 March 2022

5 min read

News in Brief

In Denmark cash may only be used in 12% of transactions, but one in four person-to-person transactions are made in cash and one in three Danes hold cash at home as a reserve. How much people hold has also increased.

News

John Winchcombe

29 March 2022

5 min read

Impact of the Use of Cash on Demand for a Retail CBDC

A new IMF paper concludes that the main influence on the demand for cash, and why demand is falling, seems to lie in the demand preferences of changing population structures. If CBDCs are issued, the demand for cash may continue to fall, but the demand for card usage may fall by even more.

Cash Usage Digital CN

John Winchcombe

4 March 2022

5 min read

Payment News

In 2020 Apple bought Mobeewave, a start-up working to enable contactless payments using smart phones. Bloomberg has reported that Apple will allow small businesses to use iPhones to accept payments ‘in the coming months’.

News

John Winchcombe

4 March 2022

2 min read

The Truth Behind the Cashless Headlines

A recent post highlighted how misleading the constant stream of headlines about a cashless society is. Going cashless makes for wonderfully shocking, attention-grabbing headlines.

Cash Usage

John Winchcombe

3 March 2022

3 min read

Overview of China’s Progress with its e-CNY Pilot

China has been working hard to get its e-CNY ready in the run up to the Beijing winter Olympics with the aim of using the games to test its CBDC. The e-CNY could be used by visitors to China as well as the local population.

Digital CN

John Winchcombe

22 Feb. 2022

3 min read

Financial Inclusion and Access to Cash

In countries where less cash is already underway, there is an underlying assumption that it is only a matter of time before cash will reach a tipping point that makes digital payments a requirement. The unstated assumption is that cash will end, and that digital is the future. There is an urgency, therefore, to make digital payments work.

Editorial Free Free

Latest News

CBDC Roundup

DNB Payment Strategy Published

The EMEA Cash Cycle Seminar (ICCOS) – Istanbul

Denmark Retains a Love of Cash

Creating a Roadmap to Net Zero

Resilient Cash in Canada

CBDCs in Emerging Market Economies

Inaugural Digital Currency Conference

G+D Solution Part of BCB CBDC Development Project

Is a Fully Circular Approach to Banknotes Possible?

Effective, Efficient, Sustainable and Resilient

Payment News

Digital Currency Round-Up

The Limitations of Sovereignty

News in Brief

Impact of the Use of Cash on Demand for a Retail CBDC

Payment News

The Truth Behind the Cashless Headlines

Overview of China’s Progress with its e-CNY Pilot

Financial Inclusion and Access to Cash

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