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News and Announcements
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.
eCurrency providing technology for National Rollout of CBDC in Jamaica
Nov 17, 2022
eCurrency
eCurrency has entered into a long-term partnership with Bank of Jamaica to provide technology services for the national rollout of its Central Bank Digital Currency (CBDC) - JAM-DEX.
eCurrency, SDF, ANZ shortlisted in G20 TechSprint
Jul 18, 2022
eCurrency
eCurrency Mint, Stellar Development Foundation, and ANZ announce their solution has been shortlisted in the G20 TechSprint 2022, hosted by BIS and Bank of Indonesia
First fully integrated RTGS and CBDC solution offered through Montran and eCurrency partnership
Jun 30, 2022
Yahoo Finance
Montran and eCurrency announce the very first CBDC solution fully integrated with a Central Bank's RTGS solution for central bank currency management
JAM-DEX Phased Roll-out Progresses
Jun 29, 2022
Bank of Jamaica
Bank of Jamaica (the Bank) is pleased to advise that the phased rollout of JAM-DEX has progressed with the amendments to the Bank of Jamaica Act (BOJA) 2020 being passed into law on 14 June 2022.
Senate in Jamaica Approves Central Bank Digital Currency
Jun 3, 2022
Jamaica Information Service
Jamaica becomes first to legislate Central Bank Digital Currency as Senate approves CBDC as legal tender to be solely issued by the Bank of Jamaica.
eCurrency announces collaboration with cLabs
Apr 11, 2022
eCurrency Mint
eCurrency and cLabs lay the foundation for Central Bank Digital Currency on Web3
Jamaica Finance Minister demonstrates a Jam-Dex transaction
Mar 8, 2022
PBC Jamaica
During the 2022 budget speech, Dr. Nigel Clarke, Jamaica's finance minister, enacts a transaction to his barber using Central Bank Digital Currency powered by eCurrency.
Bank of Jamaica hails CBDC pilot project a success
Jan 1, 2022
Bank of Jamaica
The Bank of Jamaica has successfully piloted eCurrency technology to securely mint, issue and distribute CBDC and is ready to begin national rollout in first quarter 2022.
Tech CEO: A viable central bank digital currency would have to be 'the law'
Oct 16, 2021
Yahoo! finance
The year after Satoshi Nakamoto put out a white paper on a concept for a new peer-to-peer currency called bitcoin (BTC-USD), Jonathan Dharmapalan realized that digital currencies are the future.
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 announces new investor joining their funding round
Oct 5, 2021
The Paypers
eCurrency Mint has closed a funding round with new investors including Pandit, the former CEO of Citi Group, according to discussions we had with company representatives.
Membership of Bank of England CBDC Engagement and Technology Forums
Sep 28, 2021
Bank of England
The Bank of England and HM Treasury have today announced the membership of the central bank digital currency (CBDC) Engagement and Technology Forums.
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.
BOJ mints first batch of Jamaica's central bank digital currency
Aug 8, 2021
Bank of Jamaica
At a short ceremony this morning, Bank of Jamaica (BOJ) minted Jamaica’s first batch of central bank digital currency (CBDC).
TV interview with BOJ CBDC core project team member, Mario Griffiths
Jun 27, 2021
Jamaica Magazine - JISTV
A TV interview with Mario Griffiths of the Bank of Jamaica to discuss the BOJ CBDC Pilot Project.
Interview with the Central Bank of Jamaica and eCurrency on CBDCs
Jun 10, 2021
The Paypers
The Bank of Jamaica and eCurrency delve into the topic of CBDCs, based on the pilot that currently tests a digital Jamaican Dollar
Bank of Jamaica Announces eCurrency as CBDC Provider
Mar 23, 2021
Bank of Jamaica
eCurrency has been selected as the technology provider for the Bank of Jamaica CBDC pilot project and national rollout.
eCurrency and Crunchfish join forces to make CBDC accessible by all
Jan 19, 2021
Crunchfish
eCurrency and Crunchfish announce a partnership to offer an offline CBDC capability giving universal access of digital fiat currency to all.
eCurrency brings CBDC benefits to all in ecosystem utilising digital secure currency technology
Sep 4, 2020
Mirela Ciobanu
eCurrency Chief Commercial Officer, Lars Arvidsson, is interviewed by The Paypers on how its CBDC technology benefits the financial ecosystem.
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.
IMF Fintech Workshop: CBDC for Financial Inclusion - Design Considerations
Apr 11, 2019
International Monetary Fund
Bejoy Das Gupta, Chief Economist of eCurrency joins a panel at the IMF Fintech Workshop to discuss the design considerations of CBDC for Financial Inclusion.
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.
Promise of digital fiat currency
Sep 30, 2018
OMFIF
DFCs hold the promise of being legal tender, electronic and
fully convertible one-for-one into sovereign-backed notes.
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).
Getting serious about digital fiat currencies
Jul 31, 2018
livemint
More and more central banks are considering issuing them, for good reason; so should the Reserve Bank of India. The digital revolution has profound implications for central banks.
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).
eCurrecyMint: Spearheading the Secure Issuance of Digital Fiat Currency by Central Banks
Jun 26, 2018
CIOReview
The cornerstone of any financial transaction in an economy is currency. The trust that people have in a currency is due to the trust they have in the central bank that issues the currency.
eCurrency and Rizal Commercial Banking Corporation Partner to Launch Digital Cash in the Philippines
Jan 23, 2018
Businesswire
eCurrency Mint Limited (eCurrency) announced today that it has partnered with Rizal Commercial Banking Corporation (RCBC) to launch its digital money product.
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.
Hong Kong is ripe for digital dollars
Jun 22, 2017
The Asset
Store value payment services such as Octopus, WeChat Pay and Alipay have been well touted for their innovativeness, popularity and success.
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
Time for a digital Indian Rupee
May 6, 2017
The Hindu
With a vision to place India on the digital India landscape, the country is beginning to understand transformative agenda like demonetisation by the government.
Getting Cashless 2.0
Mar 14, 2017
The Economic Times
India is marching steadfastly towards a digital economy with Budget 2017 supporting the digitalisation agenda. The December 2016 Watal Committee on Digital Payments recommended testing the digital rupee.
Towards a Less Cash Economy
Feb 12, 2017
Outlook
India has been weaving the mantra of digital economy and all efforts have been streamlined in this direction.
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.
What makes Senegal’s digital currency different?
Jan 24, 2017
How We Made It In Africa
Towards the end of last year, a regional bank for francophone west Africa, Banque Régionale de Marchés (BRM), issued a digital currency in Senegal.
Startup bats for e-currency
Jan 15, 2017
Times of India
Omidyar-backed startup eCurrency Mint, which has pioneered technology that enables central banks issue fiat currency in digital form, has made a strong pitch for using software as a form factor for currency.
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
New Monarch Product Suite
Dec 31, 2016
eCurrency
The Monarch product suite builds on the eCurrency digital payment instrument and includes an interoperability switch and an inter-operator liquidity and trust framework.
Central banking IT of the future
Dec 31, 2016
Roland Beger
Interview of Jonathan Dharmapalan with Roland Berger.
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 Receives Further Series C Funding
Dec 18, 2016
Finsmes
eCurrency Mint Limited, a Dublin, Ireland-based developer of technology to enable digital fiat currency to be issued by central banks, received an investment of undisclosed amount.
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).
Accelerating Financial Inclusion with National Digital Currencies
May 5, 2016
Techonomy
Imagine a world where all money is digital. Instead of carrying coins and notes in their purse, people would keep digital currency units in electronic wallets on phones, watches or other electronic devices.
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.
Central Bankers Explore Response to Bitcoin: Their Own Digital Cash
Dec 8, 2015
The Wall Street Journal
The rise of bitcoin has central bankers around the world studying the possibility of issuing virtual money backed by the government itself.
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