Philippines Plans CBDC Launch by 2029 Under Project Agila

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10 months ago bitnews

The Philippines has also set its sights on releasing its own central bank digital currency (CBDC) by 2029 to create a wholesale form of currency. Project Agila, the initiative of the country’s central bank, is steadily approaching the Proof of Concept stage. This initiative will investigate improving payment systems through the use of blockchain. Philippines …