Browsing: Payments system

Newsbytes

As part of October’s Get Coin Moving Month, the U.S. Coin Task Force—of which the American Bankers Association is a member—is urging Americans to return their dormant coins into circulation. There is currently $46.8 billion in coins in circulation, according to the task force, but much of it is sitting unused in 128 million households.

Payments

Central bank digital currencies will meet the goals envisioned by their proponents only if they include private-sector participation, interoperability with the existing payments system and careful, deliberate design and implementation, a group of central banks that includes the Federal Reserve said yesterday.

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