“Layer 2” refers to a set of off-chain systems – separate blockchains – built on top of layer 1 protocols, reducing bottlenecks with scaling and data. They bundle multiple off-chain transactions into a single layer […]
The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2023 and […]
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also […]
The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join a whitelist in selected state banks. […]
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