So what's the answer? University of Michigan economist Miles Kimball has developed a theoretical solution to this problem in the form of an electronic currency that would allow the Fed to bring ...

Unlike banknotes or minted coins that have a tangible physical form, cryptocurrencies can only be accessed using computers and other electronic devices. A decentralized currency is a currency not ...

Nigeria Customs introduces E-Currency Declaration to enhance anti-money laundering efforts, streamlining cash declaration for ...

Central bank digital currencies would destroy any chance for financial privacy, but society is willingly moving in that ...

The Nigeria Customs Service (NCS) is set to introduce an electronic system aimed at enhancing the process for travellers declaring ...

Digital money (or digital currency) refers to any means of payment that exists purely in electronic form. Digital money does not have a physical and tangible form, such as a dollar bill or a coin ...

Federal Reserve Chair Jerome Powell said the central bank will not launch its own digital currency while he is in charge, shutting down the possibility of the Fed launching an electronic version ...

Soon after, US President Biden issued an administrative order to look into electronic currencies… including the possible creation of a central bank digital currency (CBDC) of its own.

Zenith Bank generated a total of N80.05 billion from electronic banking transaction fees in the full year 2024. This ...

Nigeria Customs Service is set to introduce an electronic declaration system to enhance cash declaration into or out of ...