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ALPHA
KNOWLEDGE PLATFORM.
αLP
OFFERING VALUE AT THE VANGUARD OF CBDC IMPLEMENTATION.
Our Services
ADVANCING THE ADOPTION OF DIGITAL CURRENCIES.
What are CBDCs?
CREATING THE FINANCIAL INFRASTRUCTURE FOR THE NEXT GENERATION.
Our Solutions
ADVANCE YOUR DIGITAL CURRENCY KNOWLEDGE.
Blogs

TickerTape

South Korea Plans to Pilot Digital Currency in 2024
🇰🇷 SOUTH KOREA - CBDC News - Source
Korea's Bank of Korea (BOK) and financial authorities plan a CBDC pilot program, allowing 100,000 individuals to use deposit tokens based on the CBDC for purchases. The project aims to address challenges with existing voucher systems and will involve technological experiments.
Are Merchant Fees Vital for CBDC Adoption?
🇨🇳 CHINA - CBDC News - Source
China's CBDC, the digital renminbi, faces challenges in adoption despite not carrying merchant fees. POS equipment manufacturers lose fees from other payment methods, creating a shortage of support for the digital RMB. Suggestions include free equipment distribution, but incentives remain a key issue.
China Completes First Solar Panel eCNY Smart Contract Transaction
🇨🇳 CHINA - CBDC News - Source
The State Grid Suzhou Power Supply Company completes the first digital yuan smart contract transaction in the solar power industry with Suzhou Shicheng Material Technology. This marks a breakthrough in photovoltaic settlement and supply chain financing, allowing for precise loan repayments and faster, more convenient bank financing for small and micro enterprises.
Philippines Exploring Wholesale CBDC for Tokenized Bonds
🇵🇭 THE PHILIPPINES - CBDC News - Source
The Bureau of the Treasury in the Philippines is exploring a collaboration with the central bank to innovate the sale of government securities using blockchain technology and CBDC. The successful tokenized Treasury bond issuance has sparked interest in leveraging blockchain for sovereign bonds, potentially reshaping the financial landscape in the Philippines.
India Looks for eRupee Offline Solution To Boost Adoption
🇮🇳 INDIA - CBDC News - Source
The Reserve Bank of India (RBI) and NPCI aim to boost CBDC adoption by targeting offline and feature phone-based payments, aligning with the vision to streamline digital payments. Challenges include CBDC's advantage over UPI transactions and banks' infrastructure limitations. However, innovative use cases and advancements in banking capabilities are expected to drive widespread adoption of CBDC wallets.
NBK Pilots Digital Tenge Smart Contract Payments for Students
🇰🇿 KAZAKHSTAN - CBDC News - Source
The National Bank of Kazakhstan's pilot project utilizes digital tenge smart contracts to optimize government subsidies, specifically school canteen subsidies in Almaty. Each student's "ONAY!" transportation card triggers a smart contract, transferring digital tenge from the school's account to the canteen operator's account upon service receipt. This innovative approach has wider implications for various forms of government subsidies and aims to reduce intermediaries in the funding chain.
UK Funds Authorized to Develop Tokenization Solutions
🇬🇧 UNITED KINGDOM - CBDC News -
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2023-03-01

CBDC NEWS UPDATE

WHY CHAVANNETE ?

We are creating the Financial Services Infrastructure for the Next Generation.

Finance has never seen a technological transformation of this magnitude.

Chavanette Advisors speeds adoption of emerging technologies to help regulators and financial services providers solve complex challenges.

Strong Commitment to Financial Inclusion

Expertise in Digital Banking and Financial Infrastructure Technology

Global Delivery Capability

What We Do

SERVICES

CBDC Services

OFFERING VALUE AT THE VANGUARD OF CBDC IMPLEMENTATION

We are a trusted partner for central banks and financial services provider seeking to provide clients with smooth access to central bank-issued digital currencies (CBDC). As an integral part of our CBDC Adoption Services, we provide strategic insights and guide you through the CBDC adoption & systems integration process.

Advisory Services

ADVISORY FOR THE DIGITAL ECONOMY

We engage in building future-focused technological solutions for traditional financial services organizations, digital banking, payments and central banks.

We advise our financial services and government clients on disruptive technology altering their operations and business models.

SOLUTIONS

The Universal Digital Payments Network

The UDPN is the first global payments messaging network that enables seamless and transparent digital currency transactions for banks, businesses, and their clients. The network supports regulated stablecoins and CBDC payments, bolstering market efficiency and financial inclusion. The UDPN decentralised infrastructure supports third-party smart contracts deployment and execution of value-added financial or payment-related services.

Alpha Knowledge Platform


The Alpha Knowledge Platform (αLP) is your ultimate resource and knowledge base for Central Bank Digital Currency (CBDC) and the financial technologies powering the Digital Economy.

Let αLP be your one-stop-shop for staying informed on CBDC progress, be the primary source for accessing key research papers and articles, and be your guide through this exciting once in a lifetime transformation of the financial ecosystem.

ADVANCING THE ADOPTION OF
DIGITAL CURRENCIES

PARTNERS

TRUST INTEGRITY DELIVERY

Chavanette Advisors specialises in the creation and deployment of future-focused technological solutions.

We provide expert advice and project management to financial services and enterprise clients globally, engaging disruptive technologies that are transforming their operations and industries.

We help clients leverage emerging technology to solve complex business and technology problems, drive innovation, and produce market-leading products and services…

Articles

NEWSBLOG

CBDC: A Global Phenomenon

A Central Bank Digital Currency (CBDC) is the digital equivalent of a national (fiat) currency that is issued and backed by the central bank. It is a new form of currency that is designed to be used in digital transactions, and it is backed by the full faith and credit of the issuing country’s government.

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Are you ready for CBDCs?

These digital currencies may represent the most significant change to money since the introduction of cash. They have the potential to improve financial inclusion, speed up settlement and cross border payments, whilst reducing costs for end users.

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History of Money

Money has been a fundamental part of human society for centuries. It has come a long way from its early beginnings as a medium of exchange in the form of shells, stones, and other items to the more modern paper money and electronic payments we use today. . .

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Hong Kong

Comparing Cryptocurrencies and Retail CBDCs

As digital currencies become more prevalent, the rise of retail central bank digital currencies (CBDCs) has added a new dimension to the digital currency landscape. In this blog article, we explore the key differences between these two forms of digital currencies and answer the often-asked question of whether CBDCs are cryptocurrencies and how they compare to cash.

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Contact

For an initial discussion about what CBDCs and the Digital Economy mean for your business, contact us.

Address

15/F, AIA Central
1 Connaught Road
Central
Hong Kong

Email

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