Australia's central bank has invited financial industry participants to participate in a live pilot to explore use cases for its CBDC.
The Reserve Bank of Australia , the country's central bank, has released a report outlining use case proposals for its Central Bank Digital Currency .on Mar. 2 local time that financial industry participants were also chosen to implement the chosen use cases and were invited to participate in a live pilot that is to take place over the coming months.
The use cases proposed by the RBA included offline payments, tax automation and a CBDC for"trusted Web3 commerce."The selected partners for the use case trial ranged from banks, such as Commonwealth Bank and Australia and New Zealand bank to payment providers such as Mastercard.
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