• 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

LadderCaster Review — How the Web3 Game with Risk Mechanics and Progression Works

chest

A detailed overview of LadderCaster: gameplay, risk mechanics, NFTs, and economy. Learn how the Web3 game works and what makes it different from other GameFi projects.

user avatarElena Ryabokon

Anomura Review — Web3 Game, NFT System, and In-Game Economy Explained

chest

A detailed overview of the Anomura Web3 game: gameplay, NFT mechanics, economy, and tokens. Learn how the project works and what makes it different.

user avatarElena Ryabokon

What Is Pixie Chess? Web3 Chess Game, NFT Mechanics, and Economy

chest

Explore Pixie Chess: a Web3 chess game with NFT pieces, token economy, gameplay mechanics, and future potential in blockchain gaming.

user avatarElena Ryabokon

What Is Orbiter Finance Game? Gameplay, Mechanics, and Web3 Overview

chest

Explore Orbiter Finance Game: a Web3 project combining blockchain infrastructure, cross-chain mechanics, and interactive gameplay. Learn how it works and its core features.

user avatarElena Ryabokon

Arkham Review — Blockchain Analytics, Intel Exchange, and ARKM Token Explained

chest

In-depth Arkham review: blockchain analytics platform, ARKM token, Intel Exchange, how it works, key features, advantages, risks, and future potential.

user avatarElena Ryabokon

Hivemapper Review: DePIN Mapping Project, HONEY Token, and Real-World Data Economy

chest

In-depth Hivemapper review: how the decentralized mapping network works, HONEY tokenomics, real-world data usage, advantages, risks, and DePIN market potential.

user avatarElena Ryabokon

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.