Project mBridge e-currency project involving Hong Kong, mainland China hits landmark

A multi-country central bank digital currency (CBDC) project involving mainland China, Hong Kong, Thailand and the United Arab Emirates has made a breakthrough by launching its minimum viable product (MVP) platform, which will serve as a proving ground for more use cases in cross-border transactions.

As Project mBridge enters the MVP stage, the participation of both the public and private sectors will further expand. The Saudi Central Bank has joined as a full participant in the project, which has more than 26 observing members, according to announcements on Wednesday.

Source: REUTER