10 months ago
Clients of Singapore slope DBS tin present cod payments from customers successful e-CNY, China's cardinal slope integer currency (CBDC), according to an announcement connected Wednesday.
The recently launched merchant postulation level allows businesses automated colony of e-CNY into their slope deposit accounts. At slightest 1 lawsuit has already utilized this level for a transaction, DBS added.
DBS is participating successful Project Guardian, launched by the Monetary Authority of Singapore, a task for investigating plus tokenization and decentralized concern (DeFi) for accepted banks. The slope is besides participating successful experiments to physique the infrastructure needed to contented a programmable integer Singapore dollar.
e-CNY represents 0.13% of currency and reserves held by China's cardinal bank, according to authoritative data.
Edited by Parikshit Mishra.
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