Italian Banking Association pilots two wholesale CBDCs
Last year, the Italian Banking Association (ABI) announced that it would pilot wholesale central bank digital currency (wCBDC), also known as the Leonidas project, as part of the Italian banking sandbox. The association announced the results of the trial last week and declared it a success, with the main benefits being atomic transactions, transparency, and traceability of information.
The test was conducted in 2023 and was planned to take place before the announcement of the use of central bank funds for wholesale DLT trials in the European system.
Two different wholesale CBDC models were used in the trial. Participants in the trial included ABI, 16 banks, blockchain company R3, Spunta technology partner NTT Data, and the Italian Banking Innovation Center Milan Center.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lawyer Denies Rumors About US Seizing XRP Escrow for Reserve
"HODL BTC, ETH," Fundstrat’s Tom Lee Urges, Here’s Why
Here’s What You Need to Invest in XRP Today to Retire by 2040
Texas Protects Bitcoin Reserves, SB21 Decision by June 22 ✅
Texas shields off‑treasury Bitcoin reserves and awaits SB21 outcome by June 22 on state crypto investments.New Safeguards for Bitcoin ReservesSB21: A Pivotal Decision NearsWhy This Move MattersKey TakeawaysWhat’s Next
Trending news
MoreCrypto prices
More
