Andrew Abir News

29.05 / 21:17

CBDC Israel to Launch Digital Shekel Test for Payment

The Bank of Israel (BoI) is speeding up efforts to develop its central bank digital currency (CBDC), dubbed the “digital shekel.” In a recent update on May 28, the bank revealed plans for the CBDC’s payment use case through the ‘Digital Shekel Challenge’ experiment, a key part of its action plan for the potential issuance of the CBDC.

17.04 / 08:27

Provident CBDC Digital Enterprise innovations testing Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments

The Bank of Israel is launching a sandbox environment for testing CBDC use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications.

15.03 / 13:15

UPS Provident Digital Cross-border Central banks conclude cross-border CBDC experiment, Project Icebreaker

In the tests, a cross-border transaction is broken down into two domestic payments, facilitated by a foreign exchange provider active in both domestic systems. In most existing cross-border payment systems, the payer has no choice regarding the exchange rate, as it has no control on who the provider of foreign exchange conversion is.

06.03 / 13:27

UPS Provident Digital Cross-border Central banks conclude cross-border CBDC experiment, Project Icebreaker

29.09 / 15:09

COST UPS Digital Exploring the CBDC factor in Israel, Norway, and Sweden

The Bank for International Settlements (BIS) and the central banks of Sweden, Norway, and Israel have joined forces to investigate the potential applications of central bank digital currencies (CBDC) for international remittance and retail payments.

28.09 / 22:29

CBDC Payments regulation Central Bank Israel, Norway and Sweden's central banks partner with BIS to explore CBDC

The Bank for International Settlements, or BIS, has reported it will be partnering with the central banks of Israel, Norway and Sweden to explore international retail and remittance payments use cases for central bank digital currencies, or CBDCs.

17.06 / 13:27

COST Digital Strategy HKMA retail CBDC HKMA Announces Joint Research with Bank of Israel, BISIH for Retail CBDC

The Hong Kong Monetary Authority (HKMA) announced joint research with the Bank of Israel (BOI) and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre for retail Central Bank Digital Currency (CBDC).

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