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News Aggregator

3 weeks ago
BIS Drops Mbridge Project Participation: It Was ‘Not Created to Serve the BRICS’ Bitcoin.com 3 weeks ago

BIS Drops Mbridge Project Participation: It Was ‘Not Created to Serve the BRICS’

The BIS has withdrawn from the Mbridge project, a CBDC initiative, over concerns it could aid BRICS nations in evading economic sanctions.

BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late? Bitcoin.com 3 weeks ago

BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?

The BIS is contemplating ending the Mbridge project due to BRICS ties, but the project may proceed independently as it's already at the MVP stage.

1 month ago
Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar Bitcoin.com 24 Oct 2024

Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar

Mbridge platform by China aims to enhance cross-border payments using CBDCs, potentially challenging the US dollar's dominance. Targeting underserved regions like ASEAN, it could reshape global finance but requires careful coordination to avoid new barriers.

2 months ago
It’s Over, Saudi Arabia Just BROKE the US Dollar 99Bitcoins 06 Sep 2024

It’s Over, Saudi Arabia Just BROKE the US Dollar

Saudi Arabia is challenging the US Dollar's dominance, potentially impacting US hegemony through its actions and the mBridge project.

4 months ago
Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge Bitcoin.com 25 Jun 2024

Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge

Tencent tests the use of digital yuan and Mbridge for e-commerce export settlements. The Chinese company participated through Tenpay, its international settlements arm, using Mbridge's CBDC-enabled cross-border settlement platform.

5 months ago
Saudi Arabia Joins mBridge Project to Facilitate CBDC Payments in Oil Trade Coinotag 10 Jun 2024

Saudi Arabia Joins mBridge Project to Facilitate CBDC Payments in Oil Trade

Saudi Arabia has joined the mBridge project, potentially reforming international oil trade payments and reducing reliance on the US Dollar for transactions with China.

Cross Border CBDC Project Mbridge Enters MVP Stage Bitcoin.com 07 Jun 2024

Cross Border CBDC Project Mbridge Enters MVP Stage

Project Mbridge, a cross-border CBDC initiative, has achieved its minimum viable product stage with central banks deploying validating nodes for real-value transactions.