Global payments giant Visa has partnered with blockchain technology solutions firm Consensys to develop technology for Central Bank Digital Currencies (CBDCs).
Announcing plans to launch in the spring, Visa wants to build an on-ramp, or a ‘sandbox’ for central banks to mint CBDCs using Consensys’ Quorum protocol, reports Coin Bureau.
Visa and Consensys will use a ‘two-tier’ distribution system for CBDCs where central banks can use Quorom to set the coin’s monetary attributes, and then use Visa’s payment channels to distribute it to financial institutions.
Data from The Atlantic Council suggests that 87 countries representing 90 per cent of the world’s GDP are exploring CBDCs in some shape or form.
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.