(Kitco News) – The Reserve Bank of Australia (RBA) has published a white paper outlining its plan for conducting a pilot project for its central bank digital currency (CBDC), the eAUD. The goal of the pilot is to demonstrate the capabilities of the digital currency in terms of cost, speed, and quality of outcome.
The white paper and pilot program arose out of a joint collaboration between the RBA and the Digital Finance Cooperative Research Centre (DFCRC), which was originally announced on Aug. 9.
According to the ‘Australian CBDC Pilot for Digital Finance Innovation’ white paper, “The key objectives of the project are to identify and understand innovative business models, use cases,…
