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News and Announcements
eCurrency shortlisted by National Bank of Georgia for Digital Gel Project
Sep 28, 2023
National Bank of Georgia
eCurrency has been shortlisted for the Digital Gel Pilot project. National Bank of Georgia announced that 9 companies have been shortlisted based on demonstrating sufficient technology potential, maturity, capacity, relevant experience, and desire to join our on-field exploration.
eCurrency wins 2023 Digital Currency Award
May 22, 2023
eCurrency
eCurrency received the Digital Currency Award in the category of ‘Best Financial Inclusion Initiative in Digital Currency’ at the premier Currency Research’s annual Digital Currency Conference, a gathering of global policymakers, regulators, and technology and innovation experts, held in Mexico City, 17–19 May 2023.
eCurrency wins 2023 Digital Currency Award
May 22, 2023
eCurrency
eCurrency received the Digital Currency Award in the category of ‘Best Financial Inclusion Initiative in Digital Currency’ at the premier Currency Research’s annual Digital Currency Conference, a gathering of global policymakers, regulators, and technology and innovation experts, held in Mexico City, 17–19 May 2023.
How Will Zimbabwe’s Gold-Backed CBDC Fare in the Face of Hyperinflation and a Lack of Trust?
May 13, 2023
The Fintech Times
In Africa, the best mechanisms to reach the broadest base of the public is through well-established mobile money operators and banks. Central banks that recognise this will leverage these private sector partners as integral to the dissemination of digital currency. A well-designed CBDC implementation will leverage the payments infrastructure in place to provide an interoperable central bank-issued legal tender in digital form to stimulate financial inclusion, convenience, safety and trust in a CBDC.
Crypto Assets and CBDCs in Latin America and the Caribbean
Feb 24, 2023
International Monetary Fund
After providing a general overview of the nature, pros, and cons of crypto assets and CBDCs, this paper focuses on documenting their recent experience in LAC. The region records a high interest in unbacked crypto assets and stablecoins and its authorities’ policy responses have varied substantially, ranging from the introduction of Bitcoin as legal tender in El Salvador to their prohibition in many other countries worried about their impact on financial stability, currency/asset substitution, tax evasion, corruption, and money laundering. This paper also describes briefly the results of a survey on CBDCs’ introduction plans and crypto assets regulation. Finally, this paper presents some general lessons and policy recommendations for the region on the regulation of cypto assets, digital currencies and cross-border payments, and on the potential introduction of CBDCs.
JAM-DEX facilitates Government Wage Payment Employment Generation (Christmas Work) Programme
Jan 6, 2023
Bank of Jamaica
Bank of Jamaica (BOJ) is pleased to announce the successful use of its Central Bank Digital Currency (JAM-DEX), as a means of payment to facilitate a critical segment of Government payments – the Employment Generation (Christmas Work) Programme.
Indra and eCurrency join forces to deliver end-to-end digital currency solutions to central banks
Oct 6, 2021
Indra
The partnership between eCurrency and Minsait Payments, an Indra subsidiary, will actively support the process of developing digital currencies issued by central banks to ensure financial stability and inclusion and combat fraud, as well as greater efficiency and modernisation of the monetary system
eCurrency joins ANZ in MAS Global CBDC Challenge
Sep 28, 2021
eCurrency
ANZ Bank, one of the 15 finalists in the Monetary Authority of Singapore (MAS) Global Central Bank Digital Currency (CBDC) Challenge has selected eCurrency Mint Limited, among other partners, to develop and showcase the use of digital technologies and CBDC as a use case for being an enabler to the government and citizens digital ecosystem experience.
Jamaica's digital currency 'more secure than Bitcoin
Aug 21, 2021
Jamaica Observer
Founder and chief executive officer (CEO) of eCurrency, Jonathan Dharmapalan, has given the assurance that Jamaica's digital currency will not be a security headache. In an exclusive interview on Taking Stock with Kalilah Reynolds, Dharmapalan noted that the technology being used to run the Central Bank Digital Currency (CBDC) will ensure the digital funds cannot be counterfeited or compromised.
The future of central bank digital currencies, part I
May 25, 2019
OMFIF
Jonathan Dharmapalan, founder and chief executive of eCurrency, and Teunis Brosens, lead economist for digital finance at ING Group, join Bhavin Patel, senior economist and head of fintech research at OMFIF, to discuss the future of central bank digital currencies.
PayLogic and eCurrency partner to deploy a new generation of retail payment solutions globally
Mar 20, 2019
PR Newswire
PayLogic, a premier payment systems technology company, and eCurrency, a leading Digital Fiat Currency (DFC) technology company, announce a partnership to deploy a new generation of National Retail Payment Solutions (NRPS) comprising the Digital Fiat Currency, payment switch and e-money wallets with unsurpassed security, usability, interoperability, and settlement efficiency.
eCurrency chooses nCipher Security to accelerate its Central Bank Digital Currency (CBDC) solution
Mar 19, 2019
nCipher
Headquartered in Dublin, Ireland, eCurrency is responsible for pioneering a portfolio of solutions that enable central banks to evolve their current paper and coin-based currencies into digital fiat currency.
Casting Light on Central Bank Digital Currencies
Nov 11, 2018
International Monetary Fund
This discussion note proposes a conceptual framework to assess the case for CBDC adoption from the perspective of users and central banks. It discusses possible CBDC designs, and explores potential benefits and costs, with a focus on the impact on monetary policy, financial stability, and integrity.
An Interview with Jonathan Dharmapalan, eCurrency Mint Limited Founder: ‘We Enable Central Banks to Authorize and Issue Digital Fiat Currency’
Oct 23, 2018
The Silicon Review
We have developed our product offering by working with and understanding he specific needs and requirements of central banks for a digital fiat currency.
eCurrency™ Announces Contribution of its API to ITU Focus Group DFC
Jul 31, 2018
PR Newswire
eCurrency Mint Limited (eCurrency) announces that it has contributed its Application Programming Interface (API) to the International Telecommunication Union Focus Group on Digital Currency including Digital Fiat Currency (ITU FG DFC).
eCurrency Announces Commercial Launch of ePiso, a digital Philippine Peso
Jul 17, 2018
PR Newswire
eCurrency Mint Limited (eCurrency) announced today that its partner, Rizal Commercial Banking Corporation (RCBC) has launched its secure digital money product – the ePiso in the Philippines under the regulatory sandbox initiative recently introduced by the Bangko Sentral ng Pilipinas (BSP).
eCurrency Announces Collaboration with ITU on Standardization Guidelines
Nov 12, 2017
Businesswire
eCurrency Mint Limited (eCurrency) announced today that it is contributing its seven-layer security architecture to an International Telecommunication Union (ITU) working group’s development of a reference architecture for digital fiat currency (DFC).
Indonesia Takes First Steps Towards a Digital Fiat Currency Solution with eCurrency
Oct 17, 2017
Businesswire
eCurrency Mint Limited (eCurrency) announced today that it has partnered with PayPro Indonesia to provide eCurrency’s digital fiat currency (DFC) solution in Indonesia. This partnership is a major step for PayPro, leading Indonesia in delivering a high-security universal digital payment instrument.
India must set benchmarks to ensure future digital security
May 23, 2017
The Asian Age
Digital fiat currency is being researched as a viable option in not just India, but is being discussed and tested by several central banks globally. As India gets ready to embark on a complete digital journey, there are bound to be questions on security issues that come with such a system.
ITU CREATES NEW FOCUS GROUP TO INVESTIGATE DIGITAL CURRENCY INCLUDING DIGITAL FIAT CURRENCY
May 10, 2017
International Telecommunications Union
ITU has created a new Focus Group to investigate the emerging questions of how best to standardize and regulate the interoperability and security aspects of digital fiat currency. Titled the ‘ITU-T Focus Group on Digital Currency including Digital Fiat Currency’, the group is open to participation by any interested party and will begin work in the final quarter of 2017
Government needs to create a system where e-wallets and other services work like cash and not bank money
Jan 29, 2017
Business Today
Demonetization triggers a tsunami of digital payment initiatives. There are tidal waves of launches and promotions for payment applications, Aadhaar based identification with finger print authentications, interfaces to bank accounts, and user incentive programs.
ECURRENCY JOINS ITU TO DRIVE INTERNATIONAL ACCEPTANCE OF DIGITAL FIAT CURRENCY
Jan 11, 2017
International Telecommunication Union
eCurrency has become a member of ITU’s standardization arm, ITU-T, to influence the development of the international standards to provide the technical underpinnings of digital fiat currency
Ray Dalio Backs First Above-Ground Digital Currency Company
Dec 19, 2016
Forbes
Ray Dalio (Trades, Portfolio) is seeing digital fiat currency as the wave of the future, making an investment in electronic payment technology slightly more above-ground than bitcoin, as it will be used by the most legitimate of institutions, central banks.
eCurrency Mint Limited and Banque Régionale De Marchés Launch New Digital Currency in Senegal
Nov 3, 2016
Businesswire
eCurrency Mint Limited (eCurrency) announced today that it has partnered with Banque Régionale de Marchés (BRM) to provide a digital currency in the West African Economic and Monetary Union (WAEMU).
La BRM et eCurrency lancent une monnaie digitale dédiée à l’espace UEMOA
Oct 26, 2016
Financial Afrik
La Banque Régionale de Marchés (BRM) a annoncé aujourd’hui qu’en partenariat avec la société eCurrency Mint Limited (eCurrency), elle a créé une nouvelle monnaie digitale dédiée à l’espace UEMOA, en parfaite conformité avec la règlementation sur la monnaie électronique édictée par la Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO).
Central Banks Globally Respond To Bitcoin With Their Own Digital Cash
Dec 9, 2015
Medici
Philanthropic investment firm backed by eBay Inc. founder Pierre Omidyar, Omidyar Network, announced today in a press release on PE HUB its investment in eCurrency Mint (eCM), a Dublin-based company that has pioneered a new technology to enable central banks to issue digital fiat currency, called eCurrency.
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