mBridge
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🏦 Bank for International Settlements (BIS) reports 25 member companies in the mBridge multilateral central bank digital currency (CBDC) project, with 11, including the Bank of Korea, involved in the regulatory sandbox. Mbridge aims to launch the Minimum Viable Project by mid-next year. #CBDCProject #mBridge 🌐💰📅🚀
Central bank digital currency project #mBridge is preparing to welcome new members.
_The #mBridge project may soon see a major expansion, according to the chief executive of the Hong Kong Monetary Authority #HKMA , Eddie Yue. He outlined plans for a central bank digital currency #CBDC project in a speech in Shanghai. Yu said tests have shown that mBridge enables faster, cheaper and more transparent cross-border payments. Note that the project began in 2021 with the participation of the Hong Kong SAR Authority, the central banks of China, Thailand and the United Arab Emirates, in addition to commercial banks from those jurisdictions and the Innovation Center at the Bank for International Settlements.
#follow To see more news and details 💵⬇️🚀
_The #mBridge project may soon see a major expansion, according to the chief executive of the Hong Kong Monetary Authority #HKMA , Eddie Yue. He outlined plans for a central bank digital currency #CBDC project in a speech in Shanghai. Yu said tests have shown that mBridge enables faster, cheaper and more transparent cross-border payments. Note that the project began in 2021 with the participation of the Hong Kong SAR Authority, the central banks of China, Thailand and the United Arab Emirates, in addition to commercial banks from those jurisdictions and the Innovation Center at the Bank for International Settlements.
#follow To see more news and details 💵⬇️🚀
