Visa partners with ConsenSys to develop CBDC on-ramp tool

Time:2022-01-12 Source: 708 views Trending Copy share

On January 13, Visa announced a partnership with blockchain technology company ConsenSys to jointly develop a module designed to help central banks and financial institutions build user-friendly services on the Central Bank Digital Currency (CBDC) network.

Visa said the partnership connects the new CBDC framework with the existing financial ecosystem to create a roadmap for adoption and allow consumers to spend CBDC at any merchant that accepts Visa.

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