The Reserve Bank of Australia (RBA) is considering whether a digital version of the Australian dollar based on bitcoin’s underlying technology will work, allowing banks, fund managers and other businesses to use it to pay large sums. The Reserve Bank of Australia said that their in-house innovation lab is considering the potential of a so-called central bank digital currency (CBDC) based on blockchain technology, which can be used to speed up major transactions. In a financial technology survey report submitted to the Senate, the Reserve Bank of Australia stated that the Innovation Lab is being used to explore whether the digital Australian dollar can play a role within the responsibilities of the central bank’s currency issuance and supervision of payment systems.
The Reserve Bank of Australia strongly supports fintech. They said: “Various changes and innovations in the payment system will help improve the productivity of the overall economy and support Australia’s transition to a digital economy.” To oversee the most eye-catching racecourse proposed by global tech giant Facebook through its Libra platform. The RBA itself plays a key role in fintech and the development of new payment platforms (NPPs), which it uses to facilitate real-time payments between banks.
https://www.1688.com.au/australia/national/2020/01/13/725610?variant=zh-hans