Mastercard’s CBDC Pilot Update: Bridging Ethereum and Digital Currencies
Mastercard, collaborating with the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre, unveiled recent findings from their CBDC (Central Bank Digital Currency) experimental project on Thursday. A key highlight was a real-time transaction where an NFT (non-fungible token) was procured on the Ethereum blockchain using a “wrapped” variation of the CBDC, as […]
Australia’s Journey Towards a Tokenized Financial System, according the RBA’s assistant governor
The Reserve Bank of Australia (RBA) has expressed interest in adopting a central bank digital currency (CBDC) as the monetary future, envisioning a system where digital money, issued by the state, would act as a tokenized version of central bank reserves. In an address titled “A Tokenised Future for the Australian Financial System,” Brad Jones, […]
Reserve Bank of Australia and Digital Finance CRC Conclude Study on CBDC Implementation
The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) have collaboratively presented the findings from their joint research initiative, which focused on evaluating the viability of introducing a central bank digital currency (CBDC) in Australia. The report outlines conclusions drawn from the endeavour, which entailed active involvement from the industry […]
Monoova executes a cross-border settlement using the Australian CBDC
Source: The Paypers Australia-based Monoova has successfully completed the first real-world cross-border settlement using the Australian dollar CBDC. The feat was achieved during an invitation-only event held by the Reserve Bank of Australia (RBA) in collaboration with the Digital Finance Cooperative Research Centre for participants in the Australian Central Bank Digital Currency (CBDC) pilot project. The pilot […]
CBDCs on the horizon: The current state of CBDC initiatives around the world
Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]
Australia marks first FX transaction using a CBDC as eAUD pilot continues
Source: Cointelegraph Australia has successfully made its first foreign exchange transaction using eAUD as part of a live pilot for the country’s potential central bank digital currency. It comes amid a rising interest from countries around the world to learn about or launch central bank-issued digital currencies. Blockchain infrastructure provider Canvas said that on May 17, crypto […]
ANZ Bank Completes Carbon Credits Trading as Part of Australia’s CBDC Pilot
Source: Coindesk Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia’s central bank digital currency (CBDC) pilot, the Melbourne headquartered bank announced on Wednesday. Australia’s CBDC pilot, run by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), began last year to […]
Snapshot: Which countries have made the most progress on CBDCs so far in 2023
Source: Atlantic Council 2023 is already shaping up to be a major year in central bank digital currency (CBDC) exploration. As of March 1, sixty-five countries are in the advanced stage of development, and over twenty central banks have launched their pilots, including Brazil, Japan, and Russia. To dive deeper into these countries, follow our CBDC […]
Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases
Source: Coindesk The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway. The projects will look at use cases ranging from offline payments to bond settlement to securities trading, among others, the Australian central bank announced on Thursday morning […]
Australia’s CBDC partner sees advanced economies issuing wholesale CBDCs first
Source: Ledger Insights Digital Finance CRC (DFCRC), the research organization working with the Reserve bank of Australia on a central bank digital currency (CBDC) pilot, published a report on the state of CBDC globally. For advanced economies, it believes that wholesale CBDCs are likely to be issued before retail ones. And it raised a few areas where […]