AWS Public Sector Blog

Tag: finance

digital hand catching digital currency on blue background

Emerging economies will lead the charge for central bank digital currencies, say experts

China will launch its digital currency February 2022, and the UK and Eurozone have joined the movement for central bank digital currencies (CBDC), but it is the smaller, emerging economies that are leading the charge and have much to gain, experts have predicted. In a recent Global Government Forum and AWS Institute panel discussion, financial technology (FinTech) specialists noted it is the Bahamas and Cambodia who are the CBDC pioneers. The Bank for International Settlements said 86% of central banks are experimenting with CBDCs and 10% are close to implementing them, while banks representing 20% of the global population will launch a digital currency within three years.

Read More
blockchain finance digital currency

The future of money is digital: How the cloud can deliver solutions for central bank digital currencies

Increasingly, central banks want to answer practical questions and make the technology choices involved to deliver a central bank digital currency (CBDC). They need a solution that delivers on their missions and meets the performance criteria required to support a stable monetary and financial system. To help organizations understand available technology options and see how cloud services can enable optimal solution designs, AWS authored a two-part whitepaper. Here are some of the highlights.

Read More