INX partners SICPA to develop CBDC ecosystem

Wednesday 29 June 2022 13:19 CET | News

INX, owner of a digital asset trading platform, has partnered SICPA, a Swiss provider of security and identification technologies, to help governments develop CBDC ecosystems.

This announcement between INX and SICPA will pave the way for the development of a new solution for stakeholders to utilize digital currencies in a secure, scalable environment.

The planned joint venture with SICPA is an integral part of INX's vision to innovate the future of finance and pioneer the new digital economy. Under the terms of the MOU, the company will work with SICPA to establish a blockchain solution for Central Bank Digital Currency (CBDC) and the supporting ecosystem to assist clients in bolstering monetary sovereignty and growing overall country GDP.

The two companies plan to expand interoperability between different stakeholders across borders through this joint venture. The planned joint venture between INX and SICPA aims to allow governments to expand their access to payments infrastructure, facilitate cross-border payments, maintain sovereign currency control through rigorous regulation, and introduce privacy and safety measures.

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Keywords: partnership, CBDC, digital currency, blockchain
Categories: DeFi & Crypto & Web3
Companies: INX, SICPA
Countries: World
This article is part of category

DeFi & Crypto & Web3




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