Four countries will test cross-border virtual currency payments

Four countries will test cross-border virtual currency payments

Project Dunbar is the latest experiment from Bank for International Settlements (BIS), in which Australia, Malaysia, Singapore and South Africa, at the turn of 2021 and 2022, will test cross-border payments with the central bank’s virtual currency (CBDC). Project Dunbar will show if cross-border virtual currency payments make sense According to the announcement, banks in…

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