Posted 10/12/2023, 3:02:16 PM
Mastercard Trials Using CBDCs to Buy NFTs via Ethereum in Partnership with Australia's Central Bank
- Mastercard completes successful trial wrapping CBDCs to purchase NFTs on Ethereum
- Trial conducted with Reserve Bank of Australia and country's Digital Finance Cooperative Research Centre
- Solution locks CBDC amount, mints wrapped tokens on Ethereum to purchase NFT
- Utilizes Mastercard's Multi Token Network to integrate payments with blockchains
- RBA says CBDCs could enable complex arrangements and innovation not possible with fiat money
