Tag: development
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Treasury Department to develop financial inclusion strategy
Treasury Department to Develop Financial Inclusion Strategy The Treasury Department announced today that it will be developing a new financial inclusion strategy aimed at expanding access to and usage of financial services for underserved communities. This initiative comes at a time when many Americans are facing economic hardships due to the ongoing COVID-19 pandemic, highlighting…
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ECB allocates EUR 1.2 billion for retail digital euro development
The European Central Bank (ECB) has announced the allocation of EUR 1.2 billion towards the development of retail digital euro. This significant investment is part of the ongoing efforts to explore the potential launch of a central bank digital currency (CBDC) in the eurozone. With the increasing popularity of digital currencies such as Bitcoin and…