The 12-week study, involving 18 banks and financial institutions, shows the potential utility of CBDCs in settling cross-border transactions, prompting participants to proceed with the next phase.
It’s been another productive week for the cryptocurrency space with activity and progress being shown across the globe.
One of Canada’s largest retail banks is reportedly developing an account product which would give customers the opportunity to trade in cryptocurrencies directly.
Five of the top banks Canadian banks are joining together to digitally verify customers using blockchain technology.
A patent application has been filed in the U.S. by the Royal Bank of Canada (RBC) for an automated credit scoring system built on a blockchain.
