CBDC News

Retail CBDC Challenge Winners Announced

The Monetary Authority of Singapore (MAS) ran a global retail CBDC challenge competition with the results announced at the Singapore Fintech festival. It received 300 submissions from over 50 countries. Three winners were selected from 15 finalists winning S$50,000 each.

• The Consensys CBDCgo solution, in association with Visa, allows users to spend CBDCs without needing to change their payment or acceptance network.

• The Criteo, Secretarium and Intel Atomic CBDC solution supports anonymity and privacy for small transactions and offers traceability for large transactions for anti-money laundering and countering the financing of terrorism purposes.

• G+D Filia provides a means of payment that is inclusive and enables participation in the digital economy without a smartphone or a bank account.