SEOUL, May 16 (Korea Bizwire) — Samsung Electronics Co. and the Bank of Korea (BOK) on Monday signed an agreement to advance technology related to the offline central bank digital currency (CBDC) currently under development. In the previous year, Samsung participated in the central bank’s second phase of the CBDC mock test research. As a [...]
LONDON and NEW YORK, July 28 (Korea Bizwire) — Webtel.mobi (“WM”), the global telephony company that has developed the world’s first functional Global Digital Currency equivalent and Global CBDC equivalent – the “TUV” – has issued its Briefing Document to International Consultancy Frost & Sullivan for the valuations of its three types of TUV (the [...]
LONDON and NEW YORK, July 25 (Korea Bizwire) – The most recent Research Reports and Publications of proposed CBDCs and their potential reforms of the Global Financial System issued by: The BIS (Bank for International Settlements – the Central Banks’ Central Bank), The IMF (International Monetary Fund), The World Bank, The US Treasury’s Office of [...]
SEOUL, Jan. 24 (Korea Bizwire) – The Bank of Korea (BOK) said Monday it has successfully completed its first phase of a two-step mock test of the feasibility of a central bank digital currency (CBDC) as it is reviewing whether to introduce the potential new form of money. The BOK launched the first phase in [...]
NEW YORK, Oct. 28 (Korea Bizwire) — Although 2021 has seen increased activity in the field of international discussion and planning in respect of CBDC development, the discussions and views are both diverse and divergent from each other. There is no central guiding point, and there are significant differences of opinion between the end-aims and [...]
ST PETER PORT, Guernsey and NEW YORK, Oct. 20 (Korea Bizwire) — In order for a proposed CBDC or other Global Digital Currency to function as a globally acceptable medium of exchange – as opposed to being just an internal mechanism within a country – there will first have to be global agreement among countries [...]
NEW YORK, Oct. 19 (Korea Bizwire) — At this time, multiple entities worldwide are pursuing the creation of Digital Currencies and CBDCs. Among these entities, there is much debate as to the potential of the proposed CBDCs – including their possible or potential effects on economies, peoples’ lives, other businesses etc. There are multiple varying [...]
NEW YORK and ST PETER PORT, Guernsey, Oct. 8 (Korea Bizwire) — In response to multiple enquiries received by Webtel.mobi (“WM”) regarding its TUV Digital Currency and its relationship to proposed Central Bank Digital Currencies (“CBDCs”), the following clarification is provided on WM’s views of CBDCs and its TUV Digital Currency. Overview in respect of [...]
ST PETER PORT, Guernsey and NEW YORK, Sept. 27 (Korea Bizwire) — Global Telephony Provider Webtel.mobi (“WM”) – whose System and TUV Digital Currency render current Cryptocurrencies redundant, supersede CBDCs and provide two fully-operational alternatives to the SWIFT System – has announced two additional facilities in its System, which provide an instantly-accessible and zero-cost alternative [...]
ST PETER PORT, Guernsey and NEW YORK, Sept. 22 (Korea Bizwire) — The TUV Digital Currency released by Global Telephony Company Webtel.mobi (“WM”) not only renders all current Cryptocurrencies redundant, it also fulfills the role of a Global Multicurrency Wholesale and Retail CBDC-equivalent for all countries. An overview of some of its characteristics is as [...]