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Central and commercial banks see “clear potential and value” in Swift’s pioneering CBDC interoperability solution, following successful testing in a sandbox environment. Central bank digital currencies (CBDCs) are clearly gaining momentum. But as central banks around the world continue to explore the potential use of central bank-backed digital money in their local markets, how can we ensure that the evolving global payments landscape can continue to seamlessly interoperate, regardless of the form value takes?

U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a broader financial crisis. New York-based Signature Bank, which has a number of crypto clients, was shut down Sunday by state regulators, the Federal Reserve. This marks the third bank collapse in under a week, following Silvergate Bank’s voluntary liquidation and Silicon Valley Bank’s shutdown on Wednesday and Friday last week.

Worldline launches the new shopping mall in Decentraland on March 8th with the first 9 stores, including the German direct bank Consorsbank, The Chedi Andermatt, a Swiss luxury hotel, and Naked Life, a non-alcoholic spirits brand from Australia. This white-label solution is suitable for any company developing a Metaverse strategy and looking for a cost-effective way to get started.

Silvergate decision to shut down would be a fresh crisis in already fragile crypto ecosystem. Silvergate Capital, a central lender to the crypto industry, said on Wednesday that it’s winding down operations and liquidating its bank. The stock plunged more than 36% in after-hours trading, according to CNBC.

Revolut has released its 2021 accounts, for the first time showing FY profit. But how important was crypto to the results, and can this continue into 2022 and beyond?

The answer from crypto aficionados is an emphatic “no”. After all, most of those who are serious about bitcoin or ethereum got involved because they want to overturn existing financial hierarchies, and they believe that central bankers are too old-fashioned to understand the innovative power of digital assets.

The launch of the collection, called ‘Hood Heroes’, lays the groundwork for an ecosystem where fans become partners with artists by distributing royalties to NFT holders. The collection offers a guaranteed return (APY) of 10% for 2 years with monthly distribution.

As previously announced, the Reserve Bank is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore potential use cases and economic benefits of a central bank digital currency (CBDC) in Australia.

The Bank for International Settlements (BIS) and the central banks of Israel, Norway and Sweden have concluded Project Icebreaker, which studied the potential benefits and challenges of using retail central bank digital currencies (CBDC) in international payments. The subject will be discussed at Banking 4.0.

Central bank digital currency (CBDC) is an exciting area of development from many central banks across the world, particularly in the Nordics. Some countries within the Nordics have taken the lead on these developments, while others remain more sceptical over how the benefits outweigh the risks.