mCBDC Bridge Reveals 15 Use Cases and 22 Heavyweight Participants

Posted on by American Coins & Gold

mCBDC Bridge Reveals 15 Use Cases and 22 Heavyweight Participants
Multiple CBDC bridge, a project by four monetary authorities to build infrastructure to connect central bank digital currencies (CBDC), revealed 15 use cases and 22 participants for the project at Hong Kong Fintech Week on Thursday.The project is a collaboration between the Bank of Thailand, the Central Bank of the United Arab Emirates, Hong Kong’s Monetary Authority (HKMA), the People’s Bank of China, and the Bank of International Settlements (BIS). It aims to lower costs and improve the speed of international transactions, using CBDCs.According to the announcement, major financial institutions like Goldman Sachs, HSBC, Société Générale, and China’s six biggest…