A new report by Australia has identified key opportunities with the launch of a central bank digital currency (CBDC).
The pilot CBDC involved key partners of Stellar Lumens and with the platform offering tailored infrastructure, it could be chosen as the base layer for the launch.
The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) have released a new report highlighting the results of the Central Bank Digital Currency (CBDC) Pilot in Australia. The study sought to find out how efficient the launch of the CBDC dubbed ‘eAUD’ would be and its usefulness in the financial system.
The report highlights two key use cases; programmability and settlement. For the most part, the test found that a CBDC would aid in removing intermediaries. This would be achieved by offering a system that was not central and that would offer an instant and transparent settlement. Programmability further allowed for automation and settlement in a timely and instant m

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