Mastercard announces successful wrapped CBDC trial results By Cointelegraph
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Mastercard (NYSE:) has completed a trial involving wrapping central bank digital currencies (CBDCs) on different blockchains, similar to wrapped (wBTC) and wrapped Ether (wETH).
According to the Oct. 12 announcement, the trial was conducted with the Reserve Bank of Australia (RBA) and the country’s Digital Finance Cooperative Research Centre CBDC, along with participation from Cuscal and Mintable. In a live environment, Mastercard said the solution allowed a CBDC owner to purchase a nonfungible token (NFT) listed on in a live environment. “The process ‘locked’ the required amount of a pilot CBDC on the RBA’s pilot CBDC platform and minted an equivalent amount of wrapped pilot CBDC tokens on Ethereum,” the payment processor wrote.
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Mastercard (NYSE:) has completed a trial involving wrapping central bank digital currencies (CBDCs) on different blockchains, similar to wrapped (wBTC) and wrapped Ether (wETH).
According to the Oct. 12 announcement, the trial was conducted with the Reserve Bank of Australia (RBA) and the country’s Digital Finance Cooperative Research Centre CBDC, along with participation from Cuscal and Mintable. In a live environment, Mastercard said the solution allowed a CBDC owner to purchase a nonfungible token (NFT) listed on in a live environment. “The process ‘locked’ the required amount of a pilot CBDC on the RBA’s pilot CBDC platform and minted an equivalent amount of wrapped pilot CBDC tokens on Ethereum,” the payment processor wrote.
Continue Reading on Coin Telegraph
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