mbridge

Project mBridge to Continue Exploring Multi- Central Bank Digital Currency (CBDC) Platform

via crowdfundinsider: Project mBridge continues its development and has reached the minimum viable product (MVP) stage, while broadening its international reach. The project aims to explore a multi-central bank digital currency (CBDC) platform “shared among participating central banks and commercial banks, built on distributed ledger technology (DLT) to enable instant cross-border payments and settlement.” Project …

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BIS Asks Banks to Join China-Backed Digital Cash-Sending Project…Saudi Arabia joins mBridge as full participant

Saudi Arabia has recently become a “full participant” in Project mBridge, a cross-border trial for central bank digital currencies (CBDCs) led by China. This collaboration, initiated in 2021, includes the central banks of China, Hong Kong, Thailand, and the United Arab Emirates. The Bank for International Settlements (BIS), which oversees the project, announced this development. …

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