The BIS Innovation Hub has revealed the results of Project Rosalind, a collaboration between the Bank of England and the BIS Innovation Hub.
Quant’s digital currency surged 20% following its partnership announcement with the Bank of England for Project Rosalind.
The BIS Innovation Hub has announced the outcomes of Project Rosalind, a collaborative effort between the Bank of England and the BIS Innovation Hub. This initiative delved into central bank digital currency (CBDC) and examined the potential of application programming interfaces (APIs) for facilitating integration between payment providers and the central bank’s ledger. 
The APIs were designed to interact with two distinct blockchain-based ledgers, although the primary emphasis of the experiments was on the APIs rather than the core system. The trials encompassed a diverse range of 18 use cases involving the digital pound, exploring scenarios such as simple merchant payments and developing prototype parent and child wallet

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