Philippine central banker reveals details on wCBDC pilot project

Project Agilla will First of all look has transfers between commercial banks And later to try securities colonies And other high value service.

Own This piece of crypto history

A official of THE Bangkok Sentral ng The Philippines (BSP) has revealed more details about THE central banks plans For has study wholesale central bank digital currency (wCBDC), according to has A local press report.

BSP deputy governor For Payments And currency management sector Mamerto Tangonan said A press conference on March 6 that THE wCBDC pilot project, called Project Agilla, would be be completed by THE END of This year. Tangonan called THE pilot project A "learning exercise." Tangonan said:

"We consider A Philippines Or to access has securities And similar investment instruments can be democratized, meaning they could be bought For smaller issue sizes And a lot a lot lower costs SO that any of them Ju...