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Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops

Post author:MiamiCrypto
Post published:July 31, 2024
Post category:Bank of England Banks BoE Britcoin cash usage Cashless Economy Digital payments England Interbank payment systems News Bytes News Bytes - 2

The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow…

Nigerian Central Bank Increases Cash Withdrawal Limits After Receiving ‘Feedback From Stakeholders’

Post author:MiamiCrypto
Post published:December 23, 2022
Post category:Africa cash withdrawals Cashless Economy CBDC Central Bank of Nigeria (CBN)e-naira

Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank of Nigeria said on Dec. 21 that individuals will be able to…