A Central Bank Digital Currency (CBDCs) is a digital form of central bank money, which is legal tender created and backed by a central bank that represents a claim against the central bank and not against a commercial bank or a Payment Service Provider (PSP).

CBDC is managed on a digital ledger (which can be a blockchain or not), expediting and increasing the security of payments between banks, institutions, and individuals.

According to a recent study conducted by the Bank for International Settlements, more than 70% of institutions are actively researching and developing proofs of concept for CBDCs.

BlockchainMonk offers the most secure, scalable, and easy-to-use platforms for launching enterprise blockchain solutions. Our infrastructure and application-layer products help you easily integrate blockchain into your software stack and manage digital assets so you can implement a successful CBDC at scale.