/PRNewswire/ Lucinity, a world-leading AI Software-as-a-Service (SaaS) company, is proud to contribute to the successful conclusion of the BIS Innovation.
The regulator has teamed up with 16 market participants to explore the viability of CBDC implementation. However, questions around interoperability, monetary sovereignty and the role of the traditional banking system remain.
As part of Project Polaris, the BIS Innovation Hub Nordic Centre published a comprehensive handbook exploring key aspects of how central bank digital currencies (CBDCs) could work for offline payments.
The study, published by BIS Innovation Hub Nordic Centre, evaluates how central bank digital currency payments could be made without access to the Internet, an essential consideration for resilience planning and for CBDC payments in remote locations