Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments

NEW: BIS_org and bankofengland have tested over 30 central bank digital currency (CBDC) use cases, including offline payments, using an API layer to connect public and private infrastructures. camomileshumba reports

A joint experiment by central banks has tested ways to connect monetary authorities and the private sector to facilitate retail digital currency payments, according to a new report released on Friday.

“Project Rosalind” looked at how an API layer could support a retail CBDC and facilitate safe and secure payments through different use cases, said Francesca Hopwood Road, head of the BIS Innovation Hub London Centre, in a press release.

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