Bank of Canada explores retail CBDC technology path
2025-07-04 19:21:17
The Bank of Canada has taken an important step in exploring the technical feasibility of the digital Canadian dollar, proposing a system specifically designed for retail central bank digital currencies (CBDCs) that focus on simple everyday payments. It is reported that the Bank of Canada team examined the OpenCBDC 2PC model, which was developed in collaboration with the MIT Digital Currency Initiative. Its design prioritizes privacy, speed, and decentralization, allowing users to hold digital funds directly, just like digital cash.
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