Japan Credit Bureau (JCB) will conduct tests on the CBDC infrastructure to assess whether CBDCs can be used for settling payments via JCB’s credit card systems.
A survey conducted by The Conference Board, a non-profit research firm, revealed that the confidence of CEOs in the UK and US economies has hit an all-time low since the Great Recession.
The Chinese CBDC, e-CNY, has recorded great success in its pilot stage as transactions exceed the $14B mark. It has also seen more adoption than any other CBDC in the world, with the number of transactions exceeding 360M.
The Eurozone’s annual inflation rate rose to 9.1%, increasing the pressure on the ECB to raise interest rates and inciting fears of an economic recession.