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Australia Taps Ethereum for Digital Dollar (AUD) Project – Decrypt

The Reserve Bank of Australia is partnering with several companies to explore the use of a central bank digital currency.

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In brief

  • Australia’s central bank has announced a plan to explore the use of a digital currency.
  • The project is set to be completed by the end of 2020.
  • Australia’s plans involve the use of an Ethereum-based platform.

The Reserve Bank of Australia, the countrys central bank, is exploring the use of a central bank digital currency, a digital form of fiat currency issued by the state. The central bank is partnering with Commonwealth Bank, National Australia Bank, and Perpetual and ConsenSys Software…

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