
Mastercard is Piloting Tokenized Bank Deposits in New UK Testbed
The card giant is launching what it calls a Multi-Token Network (MTN), which will begin by testing tokenized bank deposits and move onto experiments using stablecoins and CBDCs.
CBDCThe card giant is launching what it calls a Multi-Token Network (MTN), which will begin by testing tokenized bank deposits and move onto experiments using stablecoins and CBDCs.
CBDCAs different nations delve deeper into the development of central bank digital currencies (CBDCs), privacy concerns have taken center stage. Tom Mutton, the director of fintech at the Bank of England (BoE), recently shed light on the privacy features of UKs own CBDC and how the central bank intends to address issues raised by its []
CBDC Central Bank Digital CurrenciesThe Bank of England's CBDC lead said there's considerable debate about whether the digital pound would leverage blockchain technology.
Britcoin CBDCThe digital pound may use a centralized, conventional ledger, rather than distributed blockchain technology,
CBDC Digital PoundCurrently, the BOE and the Treasury are seeking feedback from the stakeholders and technology experts on the proposed design of its CBDC. The feedback is open until June 30.
CBDC Digital PoundStakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs.
Digital Pound