The Monetary Authority of Singapore (MAS) and Temasek today jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin.
It provides technical insights into the blockchain-based multi-currency payments network prototype that was built and describes how the network could benefit the financial industry and blockchain ecosystem.
The key findings of the report mentioned that an international settlement network, modelled after this payments network prototype, could enable faster and cheaper transactions compared to conventional cross-border payments channels.
Continue read: https://fintechnews.sg/41901/blockchain/project-ubin-mas-completes-final-phase-central-bank-digital-currency-project/
