Olaf Ransome, industry solutions adviser for Fnality, has shed light on the feasibility of wholesale central bank digital currencies (CBDCs), saying that the requirements of launching one are not within central banks’ specialisms.
Fnality is a blockchain payments system, formed of a consortium of 14 banks, including UBS, Barclays, Santander and BNY Mellon, along with the stock exchange, Nasdaq, aiming is to create the means of payment on-chain for financial markets by use of its Utility Settlement Coin (USC), similar to JPMorgan’s JPM Coin.
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