Philippine central bank wraps up CBDC trial, sees future in wholesale tokens

Denis Omelchenko

The Philippine central bank has completed trials for a wholesale CBDC proof-of-concept designed to enable round-the-clock fund transfers among financial institutions. The Bangko Sentral ng Pilipinas has concluded testing for Project Agila, a proof-of-concept for a wholesale central bank digital…

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Philippine central bank wraps up CBDC trial, sees future in wholesale tokens