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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
CBDCs news
- The digital yuan has already surpassed the 4 million transaction mark, said its operators – despite the fact that the token remains in pilot testing mode. Per Bloomberg, the central People’s Bank of China governor Yi Gang claimed that the pilot had experienced “smooth” progress at test sites, with over USD 299m worth of digital CNY transactions already completed.
- The Reserve Bank of Australia (RBA), the Australian central bank, has teamed up with blockchain powerhouse ConsenSys for a central bank digital currency (CBDC) project. Per Reuters, the RBA said that it was also partnering with two major commercial banks, the Commonwealth Bank and National Australia Bank, on the project, as well as the New South Wales-based financial services provider Perpetual. The bank is looking into developing a wholesale market-ready token that will make use of an “Ethereum-based decentralized ledger technology (DLT) platform.”
- The European Central Bank President Christine Lagarde has announced a survey of public opinion on the issuance of a digital euro, to see whether Europeans would be willing to use the digital version of the banks-issued currency as they use the physical one. Lagarde said in a tweet and the accompanying video that the bank is exploring this option, adding that, “[a]s Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed.”
Crypto adoption news
- Lightning Labs, the developer of Lightning Network, released Lightning Pool, a non-custodial, peer-to-peer marketplace for Lightning node operators to buy and sell channels. Lightning Pool makes it easier to accept Lightning payments, and opens up the new possibility of earning a yield on bitcoin (BTC) by selling access to liquidity on Lightning, they said.
- Peer-to-peer BTC marketplace, Paxful, and BlockCard, a crypto fintech platform by Ternio, partnered in order to offer a crypto debit card that initially will be available in the USA. The card will give users the ability to convert cryptocurrencies to USD, make purchases, get a checking account, and withdraw funds from any ATM worldwide, the partners said, without specifying when the card might be available.
- Square Crypto, the cryptocurrency arm of US-based payments company Square, founded and led by Bitcoin supporter, Twitter CEO Jack Dorsey, said it has awarded a grant to a designer who is working on making BTC wallets “usable by anyone, regardless of technical proficiency.” They added that the designer, Maggie Valentine, is “working to simplify wallet onboarding flows by reducing technical jargon and increasing user education.” She’ll investigate problems faced by the potential users and publish her recommendations on how to make onboarding more…
Read more:3 CBDC Projects, Bitcoin Lightning Hits Pool, Verizon Taps Blockchain + More News
