• Home
  • Login
  • Register
The Central Bank Digital Currency Insider
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
SUBSCRIBE
No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
No Result
View All Result
The Central Bank Digital Currency Insider
No Result
View All Result

RBA Teams With Industry For Digital Currency Research

by CBDC Insider
November 5, 2020
in Australia
Reading Time: 1min read
0
RBA Teams With Industry For Digital Currency Research
Share on FacebookShare on Twitter

The RBA project will explore a potential wholesale form of a central bank digital currency (CBDC) that would use distributed ledger technology (DLT), as part of ongoing research.

CBDCs are designed to be equivalent to a nation’s paper currency and subject to the same government-backed guarantees. Central banks can issue the currency as a digital representation of a country’s fiat currency, in addition to printing money.

The RBA’s project will involve the development of a proof of concept (POC) for the issuance of a tokenised form of CBDC that can be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an ethereum-based DLT platform.

RELATED STORIES

Reserve Bank of New Zealand plans to introduce Central Bank Digital Currency

Reserve Bank of New Zealand plans to introduce Central Bank Digital Currency

June 6, 2022
Australia is Investigating a Digital Currency, or e-Dollar, But its Benefits Seem Slight

Australia is Investigating a Digital Currency, or e-Dollar, But its Benefits Seem Slight

May 18, 2022

The proof of concept will be used to explore the implications of delivery versus payment settlement on a DLT platform as well as other potential programmability and automation features of a tokenised digital currency and financial assets.

Read more: https://www.investordaily.com.au/technology/48171-rba-teams-with-industry-for-digital-currency-research

Previous Post

Bitcoin Dips as Trump Threatens to Stop Vote Counting

Next Post

Is Iran Becoming A Bitcoin Nation?

Next Post
Is Iran Becoming A Bitcoin Nation?

Is Iran Becoming A Bitcoin Nation?

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register