Reserve Bank of Australia Completes CBDC Pilot Implementation

Having completed the CBDC pilot for digital dollar uses, the Reserve Bank of Australia announced in a 44-page report that it found CBDCs useful in four main areas.

The report outlined four key areas that could be improved by a CBDC, including enabling smarter payments, where the CBDC pilot programme enabled a tokenised CBDC to enable a range of complex payment arrangements not supported by existing payment systems.