JACKSONVILLE, Fla.—FIS has announced it is launching a CBDC Virtual Lab, which it said is intended to help central banks to launch central bank digital currencies (CBDC).
Digital payments startup M10 Networks is partnering with FIS on the effort, Ledger Insights reported.
The Lab will let central banks, commercial banks and payment firms experiment and pilot CBDC issuance, payments, programmable money and offline payments. Its scope spans retail CBDC, wholesale and cross border payments, Ledger Insights said.
M10 claims the platform can scale to more than a million transactions per second with less than a second of latency, according to the report.
“FIS is one of 21 finalists in the G20 TechSprint hackathon for CBDC. It has been involved in the digital currency and blockchain sectors for years,” Ledger Insights stated. “Recently its Worldpay subsidiary announced that conventional businesses that use Worldpay to collect card and other payments could receive these payouts in the USDC stablecoin.”
The Very Best in CU Reporting. For You. For Free. Or Your Money Back.
Don’t forget to check your Spam/Junk email folder if you haven’t been receiving your free, popular and daily CUToday.info news headlines.
And if you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time.
CUToday.info has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe.
The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices.
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.