Digital Dollar Project to pilot US central bank digital currency
Al Jazeera
The private-sector pilot programmes aim to generate data that could help United States policymakers develop a digital dollar for the first time.
The United States-based nonprofit Digital Dollar Project announced on Monday it will launch five pilot programmes over the next 12 months to test the potential uses of a US central bank digital currency, the first effort of its kind in the country. The private-sector pilots will be initially funded by Accenture Plc and involve financial firms, retailers and non-profit organisations, among others. The aim is to generate data that could help US policymakers develop a digital dollar. A partnership between Accenture and the Digital Dollar Foundation, the Digital Dollar Project was created last year to promote research into a US central bank digital currency (CBDC).
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