ECB to Develop A Central Bank Digital Currency (CBDC) Payment System

ECB claims a private payment system for central bank digital currency possible. According to the report dubbed Exploring anonymity in central bank digital currencies, the European System of Central Banks (ESCB) established a proof-of-concept (POC) for anonymity in CBDCs, which came as part of its ongoing research of CBDCs and their potential benefits to the public. Dedicated PoC developed in collaboration with tech companies R3 and Accenture.

 

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