• 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

Exobots: Omens Of Steel — Game Review, Gameplay, Customization, and Blockchain Economy

chest

In the cyberpunk world of Exobots: Omens Of Steel, robots have taken over. In the chaotic Metron City, players assemble teams of unique NFT robots, engage in tactical PvP battles, and participate in the BNB Chain blockchain economy with the EXOS token.

user avatarMax Nevskyi

SkyWeaver: How Web3 and Blockchain Enhance a Classic Digital Card Game

chest

An in-depth look at SkyWeaver, a blockchain-based card game combining strategic gameplay, NFT ownership, and Web3 infrastructure without compromising balance.

user avatarElena Ryabokon

Warsaken: Next-Generation GameFi Platform with Web3 Gameplay and Digital Asset Economy

chest

An in-depth overview of Warsaken, a Web3 GameFi project combining strategic gameplay, NFT ownership, and a sustainable blockchain-based game economy.

user avatarElena Ryabokon

Canton Network: Architecture, Privacy, and Blockchain Adoption in Institutional Finance

chest

An in-depth overview of Canton Network, an institutional blockchain designed for financial markets, focusing on privacy, compliance, interoperability, and enterprise adoption.

user avatarElena Ryabokon

Portal to Bitcoin: Scaling the Blockchain for Millions of Markets

chest

Portal to Bitcoin challenges the traditional status of Bitcoin as "digital gold." The project offers an infrastructure designed to overcome the scalability barriers that limit the use of BTC in DeFi and Web3.

user avatarMax Nevskyi

PRIME Royale: Web3 Card Game, 3v3 Battles and $PRIME Tokenomics

chest

PRIME Royale is a blockchain-based card strategy game on BNB Smart Chain featuring 3v3 battles, a counter-based card system, and utility-driven $PRIME tokenomics.

user avatarAlexandra Smirnova

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.