Mastercard has launched a central bank digital currency (CBDC) in partnership with the Reserve Bank of Australia.
In a study between Mastercard and the Reserve Bank of Australia Authorized parties that have gone through the KYC process How it can use CBDCs has been examined.
During the study, CBDC holders were also how to buy an Ethereum-based NFT was investigated.
Australia-based finance company Cuscal, blockchain company Mintable and the Digital Finance Cooperative Research Center also participated in the joint pilot study.
Mastercard has been continuing its work on central bank digital currencies since 2020. The company created a joint CBDC program with Ripple and ConsenSys in August.