Boston Fed and MIT collaborate on digital currency research
The Federal Reserve Bank of Boston is collaborating with the Massachusetts Institute of Technology on building and testing a “hypothetical central bank digital currency”.
The two- to three-year project will begin by developing a CBDC for “wide-scale, general purpose use”, the Boston Fed says.
“The objective in this phase will be to determine how to architect a scalable, accessible cryptographic platform to meet the needs of a theoretical US dollar CBDC, including stringent design requirements
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