Singapore Central Bank will digitalize national currency creating a tokenized form of the Singapore dollar. According to CoinJournal, the Monetary Authority of Singapore (MAS) and the central bank partnered with R3 consortium in the framework of Project Ubin to develop a blockchain-based interbank payment tool. The system is based on Ethereum blockchain, which has already been tested by the Central Bank of Canada.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!