Mastercard publicizes profitable wrapped CBDC trial outcomes

Mastercard (NYSE:) has accomplished a trial involving wrapping central financial institution digital currencies (CBDCs) on totally different blockchains, just like wrapped (wBTC) and wrapped Ether (wETH).

In keeping with the Oct. 12 announcement, the trial was performed with the Reserve Financial institution of Australia (RBA) and the nation’s Digital Finance Cooperative Analysis Centre CBDC, together with participation from Cuscal and Mintable. In a reside setting, Mastercard mentioned the answer allowed a CBDC proprietor to buy a nonfungible token (NFT) listed on in a reside setting. “The method ‘locked’ the required quantity of a pilot CBDC on the RBA’s pilot CBDC platform and minted an equal quantity of wrapped pilot CBDC tokens on Ethereum,” the cost processor wrote.

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