• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Bank of New York is testing a digital dollar

Bank of New York is testing a digital dollar

user avatar

by dapp_writer005

3 years ago

The Federal Reserve Bank of New York has announced the start of testing the digital dollar (CBDC). The process will begin on November 16, 2022 and will last for the next 12 weeks. 2 banks - Citigroup and Wells Fargo, as well as financial corporation Mastercard became partners in work.

The Federal Bank set the task to study the benefits of using accelerated settlements, as well as test the operation of smart contracts within the financial system. To avoid technical hiccups, the test team is not eager to bring CBDC to market as soon as possible. In the plans - a thorough check of all points. This stage will show the prospects for the development of the digital dollar within the country.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other articles

IntentX - Trade derivatives in DeFi with institutional liquidity

chest

Amid rapid DeFi growth, IntentX offers an innovative derivatives trading solution—not just an exchange, but an infrastructure platform merging traditional market power with blockchain benefits.

user avatarMax Nevskyi

FuzzLand Review: How the Platform Redefines Security Standards for DeFi and Smart Contracts

chest

A detailed overview of FuzzLand — an automated Web3 security platform combining fuzzing, formal verification, and 24/7 on-chain monitoring to protect DeFi protocols and smart contracts.

user avatarElena Ryabokon

Comprehensive Review of Fordefi: MPC Security, Institutional Custody, and Advanced Access to DeFi

chest

In-depth review of Fordefi: an institutional MPC wallet offering secure Web3 access, advanced governance policies, and reliable infrastructure for managing digital assets and DeFi operations.

user avatarElena Ryabokon

Overworld: A New Perspective on Web Games with Collectibles

chest

Overworld is an innovative web-based game that combines engaging Rogue gameplay with PvE and PvP. The project integrates collectible digital assets, adding strategy and a sense of ownership, and is available directly in the browser.

user avatarMax Nevskyi

Project Xeno: a blockchain game with NFT heroes, dual tokenomics and 3v3 tactical battles

chest

Project Xeno is a mobile tactical GameFi title featuring NFT characters, GXE and UXE tokens, a built-in marketplace and strategic 3v3 PvP combat.

user avatarMax Nevskyi

Project Xeno: блокчейн-игра с NFT-героями, дуальной токеномикой и боями 3×3

chest

Project Xeno — мобильная тактическая GameFi-игра с NFT-персонажами, токенами GXE и UXE, развитым маркетплейсом и стратегическими PvP-сражениями 3×3.

user avatarMax Nevskyi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.