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Singapore selected 15 companies to participate in creating its CBDC

Singapore selected 15 companies to participate in creating its CBDC
invezz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from invezz.com Daily Mail and Mail on Sunday newspapers.

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CBDCs: Monetary Authority of Singapore Introduces International Challenge for Developing CBDC Solutions


CBDCs: Monetary Authority of Singapore Introduces International Challenge for Developing CBDC Solutions
The
Monetary Authority of Singapore (MAS) reveals that it has introduced an international challenge for retail central bank digital currency (CBDC) solutions.
The Global CBDC Challenge from the MAS will aim to find innovative retail CBDC solutions to improve existing payment processes while promoting greater financial inclusion.
Previously, MAS had stated that it decided to focus more on wholesale CBDCs with
Project Ubin as there’s currently a fairly limited demand for a retail CBDC, considering that the current payment infrastructure already allows consumers to transfer funds quickly and at affordable costs. ....

Sopnendu Mohanty , Organization For Economic , International Monetary Fund , Amazon Web Services , United Nations High Commission For Refugees , World Bank , Monetary Authority Of Singapore , Asian Development Bank , United Nations Capital Development Fund , United Nations Development Program , Mojaloop Foundation , Monetary Authority , Project Ubin , United Nations High Commission , Economic Cooperation , Currency Sandbox , Demo Day , Singapore Fintech , Chief Fintech Officer , ஆர்கநைஸேஶந் க்கு பொருளாதார , சர்வதேச பண நிதி , அமேசான் வலை சேவைகள் , ஒன்றுபட்டது நாடுகள் உயர் தரகு க்கு அகதிகள் , உலகம் வங்கி , பண அதிகாரம் ஆஃப் சிங்கப்பூர் , ஆசிய வளர்ச்சி வங்கி ,