Brazil’s central bank lays out reasons for developing CBDC

Banco Central Do Brasil logo for the Drex central bank digital currency

The central bank digital currency (CBDC) that Brazil’s central bank is to pilot for retail payments in stores is to be called Drex and will be “a step forward in democratizing access for individuals and entrepreneurs to the benefits of the digitalization of the economy”, the Banco Central do Brasil (BCB) has announced... More


Nigeria adds support for NFC payments using eNaira CBDC

Smartphone with Nigerian cbdc enaira app

The Central Bank of Nigeria (CBN) is enabling consumers and merchants to use their smartphone to make and receive contactless in-store and P2P payments with the country’s eNaira central bank digital currency (CBDC) using NFC, even if they are offline, according to local media reports... More




Contactless World Congress

European Central Bank reports on digital euro for Contactless World Congress

Evelien Witlox, programme director in charge of the European Central Bank's digital euro project

“We believe that the digital euro is the natural and digital evolution of our currency,” Evelien Witlox, the programme director in charge of the European Central Bank’s digital euro project, reports in a presentation for NFCW’s Contactless World Congress online event series which is now available to view in the NFCW Knowledge Centre... More












People’s Bank of China reports on digital yuan uptake

Peoples Bank of China logo

The digital yuan has been used to make 360m transactions worth a total of more than 100bn yuan (US$14bn) since China began piloting the central bank digital currency (CBDC) in December 2019, up from total cumulative transaction values worth 87.6bn yuan (US$12bn) at the end of 2021, according to the People’s Bank of China (PBOC)... More