Qatar to test large payments using CBDC

Central bank says it will test AI and distributed ledger technology

Qatar Central Bank, Doha
Qatar Central Bank, Doha
Samima Danga

The Qatar Central Bank has said it will test ways of using its prototype central bank digital currency (CBDC) to help settle large payments.

It will work with several local and international banks on the project, it announced on June 2.

The bank added that it aims to leverage artificial intelligence, distributed ledger technology and other emerging technologies to promote financial sector innovation.

This announcement came a few days after the central bank launched an “express sandbox” programme

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