• 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

VOX — NFT Avatars, Metaverse Vision, and Project Potential

chest

VOX is a collection of voxel-based NFT avatars and the foundation of the VOXverse metaverse. The ecosystem combines digital identity, gameplay utility, creator-driven content, and a developing Web3 economy.

user avatarAlexandra Smirnova

Grand Arena — A Complete Overview of Moku’s AI-Powered Fantasy Platform on Ronin

chest

An in-depth analysis of Grand Arena: AI-driven Moki agents, card economy, Booster Boxes, mXP progression, gameplay structure, and the future of Web3 fantasy competition.

user avatarAlexandra Smirnova

DEEPSPACE DPS — Overview of the Web3 Metaverse, Tokenomics & NFT Economy

chest

DEEPSPACE ($DPS) is a Web3 space metaverse with NFT assets, tokenized gameplay, exploration, battles and a dynamic economy. A sci-fi world combining strategy, ownership and player-driven growth.

user avatarElena Ryabokon

Gataca: Decentralized Identity as the Foundation of the Digital Future

chest

In the era of digital threats, Gataca offers a blockchain-based solution and SSI. The platform gives users back full control over their personal data and identity, ensuring privacy and security online.

user avatarMax Nevskyi

Song Chihyung: Biography of the Upbit Founder and the Rise of Dunamu

chest

An article about Song Chihyung — the founder of Upbit and chairman of Dunamu. It covers the creation of the exchange, key development milestones, legal challenges, the Naver deal, and his impact on South Korea’s fintech sector.

user avatarAlexandra Smirnova

Matrix World Metaverse: Web3 Ecosystem with Programmable Land, NFT Economy & 3D Virtual Worlds

chest

Matrix World is a multichain Web3 metaverse with programmable land, NFT-based ownership and immersive 3D worlds where users can build, develop and monetize their virtual spaces.

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.