ANZ and Commonwealth Bank are among 14 banks, fintechs and payments companies that will explore potential use cases and economic benefits for a central bank digital currency in Australia, the Reserve Bank said on Thursday.
The pilot will have the companies testing CBDC, a digital version of central bank issued Australian dollars, using a real claim on the RBA. This puts the central bank ahead of most global central banks racing to explore how digital cash can facilitate commerce in the emerging blockchain economy.
Read more: https://www.afr.com/companies/financial-services/rba-to-pilot-14-use-cases-for-a-digital-a-20230302-p5coss