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Mastercard Is Launching A New Digital Currency Testing Platform, Allowing Central Banks To Test Their Products
Summary: Mastercard is launching a digital currency testing platform to help central banks test their digital currencies, according to a recent announcement. The platform allows central banks to stimulate issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers. The announcement noted that 80% of central banks are exploring creating a central bank ...
Mastercard is launching a digital currency testing platform to help central banks test their digital currencies, according to a recent announcement.
The platform allows central banks to stimulate issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers. The announcement noted that 80% of central banks are exploring creating a central bank digital currency and that 40% have entered into experimental stages, according to research from the Bank of International Settlements.
Sheila Warren, Head of Blockchain, Digital Assets and Data Policy at the World Economic Forum stated that collaboration between the public and private sectors will prove useful in getting CBDC projects off the ground.
By Emily Mason
Tags: CBDC,Central Banks,Mastercard
Link: Mastercard Is Launching A New Digital Currency Testing Platform, Allowing Central Banks To Test Their Products [Copy]
