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Digital US Dollar Project Wraps Up Retail CBDC Pilot with Western Union
The Digital Dollar Project (DDP) has reached a significant milestone by completing a pilot study exploring the potential of a central bank digital currency (CBDC) for cross-border remittances. Collaborating with The Western Union Company and BDO Unibank in the Philippines and supported by Accenture, this cutting-edge research is poised to reshape the landscape of international payments. Amidst the ever-evolving digital payments ecosystem, the DDP's pilot study aimed to assess the benefits of leveraging CBDCs for facilitating cross-border remittances. Partnering with Western Union, a prominent technology-driven global ... (full story)