A multinational payment bull MasterCard offers a virtual platform to test the potential of central bank digital currency (CBDC). The company wants to help central banks globally that are planning to develop, analyze and explore their state-backed virtual currencies.
The platform is a virtual simulator of issuance, distribution, and exchange of CBDCs. It will create a practical model of development, circulation and exchange of digital currency between banking institutions, monetary service providers and clients. The platform is expected to help to accelerate the actual issuance of the first CBDC.
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