• 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

Gods Unchained Explained — How NFTs and Web3 Are Transforming Card Games

chest

Detailed overview of Gods Unchained: card-based gameplay, NFT cards, the GODS token, Web3 economy, and long-term prospects of a leading GameFi title.

user avatarElena Ryabokon

CryptoFisher Explained — How a Fishing Game Works in the GameFi Ecosystem

chest

Detailed overview of CryptoFisher: fishing gameplay, NFT assets, token economy, Play-to-Earn mechanics, and long-term prospects of the GameFi project.

user avatarElena Ryabokon

World of Dypians Explained — How an Open-World RPG Metaverse Works in Web3

chest

Detailed overview of World of Dypians: open-world gameplay, NFT assets, token economy, Web3 mechanics, and long-term metaverse development.

user avatarElena Ryabokon

Sorare Explained — How NFT Cards and Fantasy Football Meet in Web3

chest

Detailed overview of Sorare Fantasy Football: gameplay mechanics, NFT player cards, blockchain infrastructure, rewards system, strategies, and long-term GameFi potential.

user avatarElena Ryabokon

Veggies Farm Explained: How a GameFi Farming Game with NFTs and Tokens Works

chest

In-depth overview of the Veggies Farm blockchain game: gameplay mechanics, NFT assets, Play-to-Earn economy, tokenomics, and long-term GameFi strategies.

user avatarElena Ryabokon

Netris Overview: How This Competitive Blockchain Arcade Works

chest

An in-depth overview of Netris, a competitive blockchain arcade game featuring skill-based gameplay, NFT integration, and a transparent play-to-earn economy.

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.