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July 1, 2022
Finance Technologies

Why Raiffeisen Bank is taking digital currency into its own hands

Whilst many of the world’s central banks gear up to develop and pilot central bank digital currencies (CBDCs), some banks – namely Raiffeisen Bank International (RBI) – have decided to take the matter of digital currency into their own hands. RBI’s blockchain hub lead Stefan Andjelic tells FinTech Futures that a CBDC “wouldn’t be enough” for what the Austrian bank has planned for tokenisation, which is why it decided to partner with fintech Billon last October to build its own tokenisation platform. The bank wants to create “an architecture that can become the backbone for many enterprise applications” It wants…
Why Raiffeisen Bank is taking digital currency into its own hands

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