Australian central bank explores CBDC use cases and partnerships
The Reserve Bank of Australia’s latest research project explores a variety of applications for CBDCs, as the country edges closer to digital adoption.
The Reserve Bank of Australia (RBA) is working with two of the country’s largest banks and other fintech partners on a number of central bank digital currency (CDBC) pilots. In a release published last week, the central bank revealed a list of industry partners involved in its research, which explores at least 14 potential use cases for a digital Australian dollar. Proposed application includes use across offline payments, asset trading, corporate bond settlement and tokenised FX settlement.
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