Bank of Canada sees CBDC as payment, competition and innovation
“A CBDC might be beneficial and probably necessary to ensure a competitive and vibrant digital economy”.
Tag: Bank of Canada
Canadian and Singaporean central banks conduct cross-border payment experiment with sovereign digital currencies
The teams from the two central banks used a novel technique named Hashed Time-Locked Contracts (HTLC) to allow for payments without the need for a trusted third party.
Central Bank Digital Currencies: Hype versus Reality
Are the central banks really planning to issue their own digital currencies? And what are some of the possible implications and why it matters?