BANK DEMONSTRATED BLOCKCHAIN-BASED DIGITAL CANADIAN DOLLARS
The Central Bank of Canada showed yesterday it really is developing an electronic version of the Canadian dollar. That cryptocurrency is based on blockchain technology.
That cryptocurrency known as CAD-coin, the actual project is actually part of any wider quest for the growing technology codenamed Project Barioler that was reportedly unveiled throughout a private display, according to The Financial Times. Some other major banking institutions including Bank of Montreal, Royal Bank of Canada and others.
WHO CAN ELIMINATE THE CRYPTOCURRENCY
Confirmed counterparties would procedure transactions, and also the central bank would book the right to eliminate CAD-coins because needed.
