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Inside Norway’s $47 Billion Floating Highway

Inside Norway’s $47 Billion Floating Highway

  • transactions, which now stand at roughly 4.3%.
  • The bank, after researching on CBDCs for four years, will now proceed with technical testing.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell

Norway’s central bank on Thursday announced it will start testing various solutions for a central bank digital currency as the¬†world’s most cashless country moves to further decrease cash transactions, which now stand at roughly 4.3%.

“Norges Bank’s research into CBDCs has run for a good four years. A new element moving ahead will be technical testing combined with further analysis of the need for and the implications of introducing a CBDC”, the bank said in a statement first ,reported by Anadolu Agency.

The central bank added that the tests…. will continue over the next two years

 

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