tldr; The Federal Reserve Bank of New York has completed a test of a central bank digital currency for wholesale, cross-border transactions. The experiment cleared payments at a virtually instant speed between a digitized dollar and eight experimental currencies run on separate blockchains. The pilot beat the average clearing and settlement of transactions from two days to under 15 seconds.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.