Israel, Norway and Sweden central banks partner with BIS to explore CBDC payments
Cointelegraph
Published Sep 28, 2022 03:00PM ET
Updated Sep 28, 2022 04:40PM ET
The Bank for International Settlements, or BIS, has reported it will be partnering with the central banks of Israel, Norway and Sweden to explore international retail and remittance payments use cases for central bank digital currencies, or CBDCs.
In a Sept. 28 announcement, the BIS said the collaboration — named Project Icebreaker — will involve the bank’s Innovation Hub Nordic Centre testing key functions and the technological feasibility of interlinking domestic CBDC systems. The central banks will develop a new hub in which the Central Bank of Norway, the Bank of Israel, and Sveriges Riksbank can connect their proof-of-concept CBDC systems.
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Written By: Cointelegraph
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