Mastercard Launches Virtual Platform to Help Governments Test CBDCs

Per the announcement, the Mastercard virtual testing platform is an innovative virtual and custom testing platform that will allow central banks to evaluate use cases and test roll-out strategies for CBDCs by simulating a CBDC ecosystem. As the announcement detailed, the platform will enable the simulation of issuance, distribution, and exchange of CBDCs between banks, financial service providers, as well as consumers.
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