From Fiction to Reality: Digital Dollar Project's CBDC Pilot with Western Union Revealed

In collaboration with Western Union and BDO Unibank, the Digital Dollar Project (DDP) piloted simulated retail central bank digital currency (rCBDC) remittance payments to the Philippines. The pilot showed how CBDCs can modernize, streamline, and lower remittance transaction costs by using distributed ledger technology to transfer value and information instantly.

This is one of the many tests the banks are doing to make sure they are ready for when they turn off the Global financial system.

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