Central bank digital currencies among priorities for BIS Innovation Hub
The Bank for International Settlements’ Innovation Hub has set out its work program, with central bank digital currencies among six areas of focus.
The Bank for International Settlements’ Innovation Hub has set out its work program, with central bank digital currencies among six areas of focus.
A PoC linking the existing payment system to a distributed ledger and another issuing a wholesale central bank digital currency (CBDC) are compared.
The project will explore the implications of a wholesale form of central bank digital currency using distributed ledger technology.
A number of central banks and BIS agree that CBDC may offer opportunities that are not possible with cash.