In a press briefing, BSP Deputy Governor Mamerto Tangonan said that Project Agila, the wholesale CBDC project of the central bank, is nearing the end of its proof-ofconcept phase.
"The governor is very early in his term and we're already about to conclude proof of concept. This is an innovative payment instrument.
In fact there's no central bank in the world that has already launched wholesale CBDC, with the exception of the Swiss National Bank," he said.
Project Agila is a two-phase run that started in December 2022. It aims to better understand CBDC technology and assess the capability of wholesale CBDC to foster advancements in the large-value payment system.
Esta historia es de la edición July 25, 2024 de The Philippine Star.
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Esta historia es de la edición July 25, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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TRENDSPOTTING FOR THE HOLIDAYS
Spotted from the Louis Vuitton Women’s Spring-Summer 2025 show
TRENDSPOTTING FOR THE HOLIDAYS
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ADB OKs $1.7-B loan for lakeshore project
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One-sided information
For a marriage to be declared null and void on the ground of psychological incapacity, the incapacity must be rooted on some debilitating psychological or mental condition or illness and not on mere difficulty, refusal or neglect in the performance of marital obligations. This is once more illustrated in this case of Garry and Brenda.
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Green buildings at the vanguard of sustainable architecture in Mindanao
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