Yesterday FIS, the banking sector solution provider, announced plans to help central banks to launch central bank digital currencies (CBDC) through its CBDC Virtual Lab, which is in collaboration with digital payments startup M10 Networks.
The Lab will let central banks, commercial banks and payment firms experiment and pilot CBDC issuance, payments, programmable money and offline payments. Its scope spans retail CBDC, wholesale and cross border payments.
M10 claims the platform can scale to more than a million transactions per second with less than a second latency.
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