published in March 2019 by the World Economic Forum states that monetary authorities, perhaps surprisingly so, are some of the first adopters of distributed ledger technology .
Just like Project Khoka, stage pilots of other central banks have also focused on wholesale digital currency for domestic use. held on 14 May. The bank met potential tender vendors to discuss the scope of the project, how it would be executed and its design principles.’s request for an interview on the matter with Currency Management Department head Johann Bence, but did provide a copy of the holding statement via email.
The Reserve Bank believes a digital currency could enable innovation and access, while still maintaining price and financial stability. Ehsani, the former head of RMB’s fintech hub, FOUNDeRY, and who now runs the largest blockchain enabled digital wallet service in the country, says “one of the main appeals of blockchain technology and the tokens that emerge from them is that they are the first public infrastructure that allows for the digital peer-to-peer transfer of value”.