• 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

What Is Perpetual Protocol — How Decentralized Futures Trading Works in DeFi

chest

A detailed overview of Perpetual Protocol: how the platform works, PERP token utility, economy, and risks of decentralized derivatives trading.

user avatarElena Ryabokon

Sidus Arena Review — Gameplay, Tokens, Economy and Web3 Mechanics Explained

chest

A detailed overview of Sidus Arena covering gameplay, tokens, and economy. Learn how this Web3 PvP game and the SIDUS ecosystem are structured.

user avatarElena Ryabokon

What Is Realm Hunters? Full Guide to the Web3 Game, Tokens, and Mechanics

chest

A detailed overview of Realm Hunters: gameplay, mechanics, tokens, and in-game economy. Learn how the Web3 game works and its future potential.

user avatarElena Ryabokon

What Is GMX? Full Guide to the DEX, GLP Pool, and Leverage Trading

chest

A detailed overview of GMX: how the platform works, GLP liquidity model, leverage trading features, and key advantages and risks of a decentralized exchange.

user avatarElena Ryabokon

What Is dYdX? Full Guide to the Platform, DYDX Token, and dYdX Chain

chest

A detailed overview of dYdX: how the platform works, features of dYdX Chain, the role of the DYDX token, and key advantages and risks of decentralized derivatives trading.

user avatarElena Ryabokon

Project Red Review: Gameplay, Tokenomics, and Web3 Game Technology

chest

In-depth overview of Project Red, a Web3 game with NFT assets, token economy, and metaverse elements. Explore gameplay, technology, and future 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.