E-Rand prototype in testing
Several central banks and the Bank for International Settlements have developed prototypes for a common digital currencies platform that has the potential to make cross-border payments more efficient.
The two prototypes demonstrate the technical viability of such a...
E-rand for South Africa in global digital currency test — codenamed Project Dunbar
The Bank for International Settlements (BIS) will test the use of central bank digital currencies with Australia, Malaysia, Singapore and South Africa in an experiment that could lead to a more efficient global...
E-rand for South Africa
The South African Reserve Bank (SARB) is busy investigating creating a digital rand that consumers can use to make payments.
“The SARB, like many other central banks, has embarked on a central bank digital currency (CBDC) feasibility study,” said SARB governor Lesetja...