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Learning & News => News related to Crypto => Topic started by: Lenipiw on September 04, 2020, 05:11:47 PM

Title: MIT is helping the Boston Fed build a CBDC that can be scaled for consumer use
Post by: Lenipiw on September 04, 2020, 05:11:47 PM

Can MIT help the U.S. catch up to China in the CBDC race?
The MIT Digital Currency Initiative, or DCI, is helping the federal reserve bank of Boston build a digital currency with the goal of scaling for consumer use. The DCI’s director Neha Narula told Cointelegraph:

“We're trying to build a high throughput, low latency transaction system that could be used by consumers and could handle the security and resilience required for a national currency.”
Visit here: https://cointelegraph.com/news/mit-is-helping-the-boston-fed-build-a-cbdc-that-can-be-scaled-for-consumer-use

Title: Re: MIT is helping the Boston Fed build a CBDC that can be scaled for consumer use
Post by: highnayem34 on September 10, 2020, 03:18:03 PM

The multi-year collaboration between the two organizations is still in very early stages and not much information is being released to the public. Yet the focus is not on building a newer version of interbank digital ledger, but rather something that the consumers would be able to use