Central Bank project Tourbillon achieves payer anonymity in CBDC transactions.
Tourbillon ensures user privacy by not requiring personal information disclosure to any party, including merchants.
Central banks have collaboratively unveiled a pioneering project named “Tourbillon,” shedding light on the possibility of preserving privacy in transactions involving national digital currencies. The project was spearheaded by the Bank for International Settlements (BIS) Innovation Hub in Switzerland and scouted into the realm of payer anonymity within the context of central bank digital currencies (CBDCs).
Recent surveys conducted by prominent financial institutions such as the Bank of England and the European Central Bank consistently underscored the paramount importance of privacy in user preferences for digital currencies.
Following that, the final report of a Tourbillon reveals a significant breakthrough, showcasing payment methods where users are not required to reveal personal info
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