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The Lures – And Challenges – Of Central Bank Digital Currencies

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On the global stage, too, digital currencies should be fungible with one another – a dollar, for example, is worth 0.9 The BIS report issued this week that focuses on “foundational principles” defines a CBDC as “a digital payment instrument, denominated in the national unit of account, that is a direct liability of the central bank.”.

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Entrepreneurial Upscale Chefs Are Plating Recovery Plans

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Quick-service restaurants (QSRs), fast casual eateries and fast-food drive-thrus keep dominating headlines throughout the pandemic as a nation is understandably obsessed with staying fed on lockdown and after, when breathing the open air still feels oddly risky.

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Spending Rush During China’s Golden Week Signals Economic Uptick

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The province of Hainan, for example, has shown a 150 percent increase in sales —1.04 Boston Consulting Group in September has estimated that the demand for luxury goods could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds. billion yuan ($155 million) over the same period in 2019.

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Amazon Sidewalk Eyes IoT Beyond The Connected Home

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For example, integrating Sidewalk into parking meters would bring low-cost network access for the city, but it will also provide more mesh nodes to strengthen network coverage and capacity.”. But he noted that Sidewalk would “struggle to match 5G’s national coverage.” It could certainly benefit from adoption within smart-city projects.

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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

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But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. As has been widely reported, 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) said they were working on CBDCs.

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Crypto 2020: One Step Up; Two Steps Back

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Square, for example, said in its latest earnings report that revenue from bitcoin trading came to $1.6 The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

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Some Restaurants Opt For A Long Winter’s Nap

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We want restaurants to work so badly that we are willing to lie to ourselves,” Heather Mojer, co-owner and beverage director at Boston-based Big Dipper Hospitality Group , operator of the Café Du Pays, Mamaleh’s Delicatessen and State Park restaurants, wrote in an Instagram post. “We