Bank of New York is testing a digital dollar

Bank of New York is testing a digital dollar

user avatar

by dapp_writer005

4 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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other articles

Huma Finance 2.0 Review: How PayFi, Real Yield and the HUMA Ecosystem Work

chest

Explore Huma Finance 2.0, its PayFi model on Solana, real-world payment financing, HUMA token, PST and mPST, USDC liquidity, and real yield mechanics.

user avatarElena Ryabokon

Wildcard — 2v2 CCAG, Champions, Summons, Wildfile and Blockchain Infrastructure

chest

Explore Wildcard, a 2v2 collectible card action game featuring Champions, Summons, Wildfile, Web3 mechanics, WC and blockchain infrastructure.

user avatarElena Ryabokon

What Is Henesys? MapleStory N Social Hub, NXPC, NESO and Blockchain Infrastructure

chest

Explore Henesys in MapleStory N: social features, events, NXPC, NESO, NFTs, MSU Marketplace and Henesys L1 infrastructure within MapleStory Universe.

user avatarElena Ryabokon

Daylight Energy Explained: Solar, Home Batteries, Sun Points and Energy DePIN

chest

Explore Daylight Energy, an energy DePIN project combining solar and battery systems, Sun Points, Energy Subscription, virtual power plants and the DayFi protocol.

user avatarElena Ryabokon

Wingbits Explained: How the Aviation DePIN Network, ADS-B Stations and WINGS Token Work

chest

Explore Wingbits, an aviation DePIN network using ADS-B stations, Solana and WINGS token incentives to build decentralized infrastructure for flight tracking data.

user avatarElena Ryabokon

WeatherXM (WXM): How the DePIN Weather Network and Data Economy Work

chest

Explore WeatherXM, a decentralized DePIN weather network. Learn how its stations, WXM token, rewards, Arbitrum infrastructure and weather data economy work.

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.