Sentences with phrase «introducing fiat digital currencies»

These «have led central banks around the world to explore the option of introducing fiat digital currencies,» Mr. Kattoor explains.

«Rapid changes in the landscape of the payments industry along with factors such as [the] emergence of private digital tokens and the rising costs of managing fiat paper / metallic money have led central banks around the world to explore the option of introducing fiat digital currencies,» the central bank explained, adding:

Rapid changes in the landscape of the payments industry along with factors such as emergence of private digital tokens and the rising costs of managing fiat paper / metallic money have led central banks around the world to explore the option of introducing fiat digital currencies.

Not exact matches

China is promoting encryption techniques to go «all domestic» to insure financial security while paving the way to introduce the nation's own digital fiat currency, according to an...

The company introduced credit and debit card support in December 2014, allowing users to buy digital currencies in different fiat currencies online on the condition of identity and address verification.

Set to commence in Q2 of 2018, KuvaCash will introduce a cash replenishment model to instill confidence in residents, allowing them to cash out their digital currency into USD fiat at any time, greatly reduce transaction fees, and provide enhanced financial security and liquidity.

RBI's interest in their own cryptocurrency is due to the «rapid changes in the landscape of the payments industry along with factors such as emergence of private digital tokens and the rising costs of managing fiat paper / metallic money,» which they cite as the impetus for central banks around the world to introduce «fiat digital currencies.»