“The 12-week PoC will test a version of the RLN design that operates exclusively in U.S. dollars where commercial banks issue simulated digital money or ‘tokens’ – representing the deposits of their own customers – and settle through simulated central bank reserves on a shared multi-entity distributed ledger,” according to a press release.
Doesn't sound like anything new at all, really. Banks already do this and have for decades at least.
>“The 12-week PoC will test a version of the RLN design that operates exclusively in U.S. dollars where commercial banks issue simulated digital money or ‘tokens’ – representing the deposits of their own customers – and settle through simulated central bank reserves on a shared multi-entity distributed ledger,” according to a press release.
Doesn't sound like anything new at all, really.
Banks already do this and have for decades at least.
Im gonna pretend I didnt read this.
Im gonna pretend I didnt read this.
Im gonna pretend I didnt read this.
Doesn't change reality a bit. You know when an ostrich sticks it's head in the ground it's ass is still in the air for everyone to see?
>Im gonna pretend I didnt read this.
Doesn't change reality a bit.
You know when an ostrich sticks it's head in the ground it's ass is still in the air for everyone to see?
ostrich dont do this, dickweed.
ostrich dont do this, dickweed.
(post is archived)