The Reserve Bank of Australia, in collaboration with the Digital Finance Cooperative Research Centre, has wrapped up its research into the potential applications of a central bank digital currency (CBDC). Released on August 23, the study provided insights into where a digital dollar could fit and also highlighted scenarios where other financial instruments could achieve the same results. The research project focused on the CBDCs potential in improving four primary financial areas. One significant finding was that the digital currency could facilitate advanced payment setups, exceeding what...
source: https://tokenpost.com/Australias-Bank-Examines-Digital-Dollar-Benefits-and-Challenges-10565
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