Mastercard has launched a central bank digital currency testing platform for Central Banks to enable them conduct pilot tests for Central Bank Digital Currencies.
Screenshots of the supposed online test wallet for the China's Central Bank Digital Currency has surfaced the internet following an announcement that its use will be tested in four major cities of China.
With an increase in the adverse effect of coronavirus pandemic, financial institutions all over the world are increasingly looking into emerging technologies like blockchain to mitigate economic meltdown and to achieve financial inclusion.