🚀🌐 Project Sela, a joint initiative of the Bank for International Settlements (BIS), the Hong Kong Monetary Authority (HKMA) and the Bank of Israel, has successfully demonstrated the feasibility of a secure retail central bank digital currency (rCBDC).

🔹 The experiment showed that rCBDC can provide the benefits of a national currency without compromising cybersecurity, user privacy, and accessibility.

🔹 The project introduced a new CBDC intermediary system called “Access Enabler”, which reduces the cost of servicing blockchain-based payment services.

🔹 The results of the Sela project can help other countries create their own CBDC infrastructure and ecosystem.

💬 Discuss the news in the comments and share your opinion on the future of central bank digital currencies!