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Central Bank Digital Currency

Persistent WCBDC, RCBDC : For white-labeling and exploration.

Central Bank Digital Currency (CBDC) is a centralized digital fiat currency issued and maintained by a monetary authority or central bank. For effective distribution and accessibility, CBDC uses the DLT platform, which also reduces the settlement risk in delivery versus payment. The CBDC platform is to be designed DLT agnostic with REST APIs, and adapters to communicate with the DLT platform of choice.

The CBDC platform offers scalable retail payments having bidirectionally operable CBDCs with distributed ledger for Govt digital services where central bank node is the issuer and a secondary DLT network is run by commercial banks.

CBDC wallets are to be accessible via webapps, android and iOS apps and are linked using the national identifier. Secondary wallets can be run by commercial banks and other operators, which are also supported to offer various features and other retail use cases.

Benefits List
  • 1 Year: Persistent’s CBDC sandbox demonstrates how CBDC could be minted and reliably distributed as tokens on the Corda DLT. Multiple CBDC wallets can be built to conveniently and securely access CBDC. These wallets can be operated using existing National ID or be provided by trusted wallet providers. The wallets enabled access to CBDC via web interfaces, mobile apps as well as offline cards.
  • Wallet Infrastructure: A user-centric wallet infrastructure for financial inclusion – integrated with a national identifier, or run by other commercial organizations accessible to apps and offline cards.
  • Interoperable CBDCs: CBDCs representing interoperable digital versions of cash can be used by anyone with or without a bank account and seamlessly sent to other non-DLT wallets or converted to fiat and back.
  • Easy to Administer: Full-fledged deployer dashboard to control and monitor software components.
  • Ease in Transfers: Efficient fiscal transfers while enhancing cross-border payments with real-time settlements and efficient transfers.
  • Reduced Maintenance Cost: Reducing the number of intermediaries required for payments improves the trust and transaction speed significantly, while DLT offers immutability, scalability, and security.
  • Increase in Efficiency: Reduction in transaction latency makes the transactions robust and cheaper.

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Qapita tokenizes equity-based systems to enable trading using Stablecoin

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ANZ Bank and Persistent build an innovative retail CBDC solution for Global MAS challenge
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Retail Electronic Payments and Settlements using blockchain for increased reliability, speed, reduced risk

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Why Persistent?

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News & Insights

Access our latest thought leadership and update on Banking & Financial Services.

Download Whitepaper - Introduction to Digital Currency
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Whitepaper

Introduction to Digital Currency – A Complete Guide

Download the Whitepaper

Awards & Recognitions

Persistent recognized as a Leader in Everest Group’s Payments IT Services PEAK Matrix® 2023

Learn more

Whitepaper

Performance Evaluation of the Quorum Blockchain Platform

Download the Whitepaper

Blog

Central Bank Digital Currency (CBDC) – The Future of Payments

Read the Blog

Blog

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Read the Blog

Blog

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Whitepaper

Cryptocurrency Trading – A perspective on trends and the value chain for institutional participation

Download the Whitepaper

Blog

Trusted Digital Interactions with Decentralized Identity and Verifiable Credentials

Read the Blog

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    You can also email us directly at info@persistent.com

    You can also email us directly at info@persistent.com