Mastercard, Wells Fargo, Citigroup Launch a 12-Week Digital Dollar Program

#crypto #cryptocurrency #digitaldollar
Mastercard, Wells Fargo, Citigroup and others launched a 12-week digital dollar pilot program with the New York Fed.

Don’t worry because the New York Fed says the pilot program will only use “simulated data” and is “not intended to advance any specific policy outcome.”

Members of the U.S. banking community today announced the launch of a proof of concept (PoC) project that will explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN). Using distributed ledger technology, the proposed platform would create innovation opportunities to improve financial settlements and would include participation from central banks, commercial banks of various sizes and regulated non-banks.

Source: https://www.thegatewaypundit.com/2022/11/mastercard-wells-fargo-citigroup-others-launch-12-week-digital-dollar-pilot-program-new-york-fed/

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