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Australia and Mastercard to Mastermind CBDC Test Pilot
- The Reserve Bank of Australia (RBA) has begun developing its digital dollar and is currently in the testing phase.
- The pilot is scheduled to be completed by mid-2023.
- The projects involve a wide range of industry representatives.
Central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs) to facilitate secure and efficient payments in the digital age.
Australia has become the latest country to join this trend. The Reserve Bank of Australia (RBA) announced testing for its digital currency, the eAUD, unveiling a series of pilot projects to develop its use cases. Dilip Rao, the Program Director for CBDC at Digital Finance CRC, took to Twitter to share the news.
Ready to launch! #AustralianCBDC Pilot Launch for all participants – welcome! @DigiFinanceCRC @RBAInfo pic.twitter.com/TLhy3ZS36a
— diliprao (@diliprao) March 2, 2023
Australian CBDC Draws Partnerships and Possibilities
The pilot project initiatives have started to explore…
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