pilot – DIGIT INFO

Central Bank of Brazil Reveals New Use Cases to Be Tested in Its Drex CBDC Second Pilot Phase

DIGIT — Sun, 08 Sep 2024 18:10:49 +0000

The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools for trading public securities, and even automating automobile transactions. Central […]

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American retailer Target to roll out AI chatbot in US stores by August

DIGIT — Fri, 21 Jun 2024 05:02:11 +0000

The AI chatbot, Store Companion, will be used on handheld devices, providing staff members with immediate answers to any work-related questions they may have.

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Brazilian CBDC Pilot Postponed to 2025 Due to Inefficiency of Privacy Solutions

DIGIT — Sun, 26 May 2024 19:20:18 +0000

The Central Bank of Brazil announced the postponement of the completion of the drex pilot, the Brazilian CBDC, due to the inefficiency of the privacy solutions presented for the project so far. The pilot will have a new phase, finalized in 2025, and will also feature the implementation of smart contracts to nurture use cases […]

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CBDCs aren’t about solving today’s problems — Australia’s CBDC lead

DIGIT — Fri, 30 Jun 2023 03:21:57 +0000

Dilip Rao, a former Ripple executive who’s now leading Australia’s CBDC pilot has been examining 14 possible use cases of central bank digital currencies.

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AIs and fries: Wendy’s to trial chatbot drive-thru operator

DIGIT — Wed, 10 May 2023 05:38:26 +0000

Wendy’s says its “FreshAI” bot will reduce costs, allowing funds to be focused elsewhere, but others worry that eventually, those less skilled will be jobless.

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Iran’s Crypto Rial Project Enters Trial Phase

DIGIT — Fri, 10 Mar 2023 09:30:16 +0000

The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares to Trial Its Digital Currency The project to issue a digital […]

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Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year

DIGIT — Wed, 22 Feb 2023 10:20:19 +0000

The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and to include private businesses […]

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Bank of Russia to Start Testing Digital Ruble With Real Users on April 1

DIGIT — Mon, 20 Feb 2023 05:30:21 +0000

The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of the bank announced to Russian media. Russia’s Monetary Authority to Trial Actual Settlements With Digital […]

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Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year

DIGIT — Wed, 15 Feb 2023 05:00:08 +0000

Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as early as this year. Minister Says Ukraine Aims to Launch Digital Hryvnia Sooner Than […]

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Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

DIGIT — Fri, 03 Feb 2023 08:00:22 +0000

Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s Digital Ruble Said to Result […]

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