New York Fed Releases Promising Results of Project Testing Blockchain Tech in Cross-Border Trade
Nov 14, 2022
The New York Federal Reserve Bank has published a report detailing its findings from Project Cedar, an inaugural project geared at developing a technical framework through which a wholesale central bank digital currency (wCBDC) could be created for use by the Federal Reserve Bank.
During phase 1 of the project, the New York Fed wanted to demonstrate whether or not blockchain technology had the potential to improve access, increase speed and lower the costs associated with wholesale cross-border foreign exchange transactions. These transactions are very common because…
About CryptoCurrencyWire
CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.
To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.CryptoCurrencyWire.com
Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://CCW.fm/Disclaimer
CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
[email protected]
CryptoCurrencyWire is part of the InvestorBrandNetwork.
More News
Alanis Morissette calls out Ben Affleck for 'questioning why she didn't lead with sexuality'
Alanis Morissette has claimed her Dogma co-star Ben Affleck asked her why she "didn't lead with my sexuality".
Malin Akerman's marriage broke down after parenthood 'changed' relationship
Malin Akerman has admitted becoming parents led to her split from Roberto Zincone because they stopped communicating.
Chris Hemsworth's home targeted by thieves
Chris Hemsworth and Elsa Pataky's home has been targeted by thieves, who stole three cars, though two have been found.
Eddie Murphy joins animated fantasy film written by his daughter
Shrek legend Eddie Murphy has been cast in a new fantasy film, M’Tali: The Everlasting Spring.
Brad Pitt to star in Connector
Brad Pitt will star in and produce Connector, director Darius Marder's first feature film since his Oscar-winning movie Sound of Metal six years ago.
Nile Rodgers pays tribute to Duran Duran's Roger Taylor after retirement announcement
Nile Rodgers has shared a heartfelt message to Duran Duran drummer Roger Taylor.
Dolly Parton's 'traditional country version' of U2 duet to be released
A "traditional country version" of Torn, Dolly Parton's duet with U2, is set to be released, Bono has revealed.
Spielberg's boyhood passion for movies never fades
Steven Spielberg says his passion for filmmaking remains as strong as ever as he receives yet another honour.
Johnny Depp felt 'great veil lifted' when he became a dad
Ebenezer actor Johnny Depp has reflected on how his life changed since becoming a dad.
Travis Barker reveals health scare which made him quit smoking weed
Blink-182 drummer Travis Barker has revealed why he decided to quit smoking marijuana.
Roger Waters files for divorce from fifth wife
Roger Waters has split from his fifth wife, Kamilah Chavis, after five years of marriage.
Frankie Muniz 'grateful to be walking' after being cut free from race car
Frankie Muniz is "grateful to be walking" after having to be cut free from his race car following a crash during practice earlier this week.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.