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Fnality adviser: Wholesale CBDCs not in central banks’ DNA

by CBDC Insider Staff
June 12, 2020
in Business
Reading Time: 1min read
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Fnality adviser: Wholesale CBDCs not in central banks’ DNA
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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.

Continue read: https://www.finextra.com/newsarticle/36003/fnality-adviser-wholesale-cbdcs-not-in-central-banks-dna

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