Payments
Visa Offers Test Platform for Central Bank Digital Currencies
- Platform is designed to test CBDCs and Visa products
- Leading card payments firm in talks with central banks
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Visa Inc. joined its rival Mastercard Inc. in offering central banks a way to test retail applications for digital currencies they might issue.
The card payment provider will begin piloting a program this spring with ConsenSys Inc., a blockchain software company, after discussions with roughly 30 central banks about goals related to government-backed digital currencies.