Central Bank Currency to Undergo 12-Month Payment Trial
A beta version of a central bank-issued digital currency will be tested over a 12-month period across multiple payment channels, including online, mobile, in-store and peer-to-peer transactions.
Trial to Assess Digital Payment Use Cases
The program will evaluate how the central bank currency performs in everyday payment scenarios. Participants will be able to use the beta system for digital commerce, mobile payments, purchases at physical retailers and direct transfers between individuals.
The trial is expected to provide data on the currency’s functionality and broader payment applications before any decisions are made regarding a potential wider rollout.