Bank of Canada explores retail CBDC technology path "
Online reports that the Bank of Canada has taken an important step in exploring the technical feasibility of the digital Canadian dollar, proposing a system specifically designed for retail central bank digital currencies (CBDC) that focuses on simple daily payments. It is reported that the Bank of Canada team inspected the OpenCBDC2 PC model, which was developed in cooperation with the Massachusetts Institute of Technology Digital Currency Initiative. Its design prioritizes privacy, speed and decentralization, allowing users to directly hold digital funds, just like digital cash.
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