The Reserve Bank of Australia (RBA) declared on March 5 its plans to initiate the pilot program of a Central Bank Digital Currency (CBDC) within the following months.
Subsequently, blockchaindeveloper Canvas asserted this week that their successful exchange of eAUD (digital Australian dollar) with USDC had been effectively trialed.
Exceedingly, the measure of the transaction was prompt, which Canvas accentuated.
Their desire is to produce a CBDC that is much more efficient in comparison to various existing payment systems that will act as a middleman.
The Australian CBDC task includes the implementation of Ethereum and SrarkWare technology.
