Spain’s leading information technology company, Indra and eCurrency Mint Limited (“eCurrency”) have announced a partnership to provide end-to-end digital currency solutions for central banks.
<h2><strong>Indra and eCurrency to Support CBDC Development Process</strong></h2>
According to an official <a href="https://www.indracompany.com/en/noticia/indra-ecurrency-join-forces-deliver-end-end-digital-currency-solutions-central-banks" target="_blank" rel="nofollow noopener">announcement</a>, a leading provider of digital currency security systems for central banks, eCurrency has partnered with Minsait Payments, an Indra subsidiary to support the process of developing digital currencies issued by central banks.

The collaboration between eCurrency and Minsait Payments will actively support the process and offer end-to-end solutions in CBDC development ranging from analysis to the implementation and deployment to ensure financial stability and inclusion and combat fraud, as well as greater efficiency and modernization of the monetary system.

eCurrency has performed far-reaching work with central banks and international organizations and has pioneered the world’s first retail CBDC solution to enable central banks to issue secure digital bearer instruments by means of Digital Symmetric Core Currency Cryptography (DSC3) technology.

Minsait Payments is a leader in the payment methods market and has provided long-established digital technology and services such as tokenization and expertise in payments, cybersecurity, and services and products for the financial services industry, including central banks and regulatory bodies.

Álvaro de Salas, Director of Strategy and Innovation for Financial Services at Minsait, said:
<blockquote><strong> </strong><em>“We’re proud to have entered into a partnership with eCurrency, the leading technology platform provider for the CBDC market. Through our association with eCurrency we’ll enhance the commercially available solution that will digitalise the properties of physical cash.”</em></blockquote>
<h2><strong>Central Banks Continue Research on Digital Currencies</strong></h2>
Earlier this week, Hong Kong’s central bank, the <a href="https://www.cryptoknowmics.com/news/hong-kong-releases-technical-whitepaper-on-retail-cbdc/">Hong Kong</a> Monetary Authority published a technical whitepaper for a potential retail digital currency exploring possible architectures and design options that could be applied to the CBDC if it issued one.

Similarly, Laos also began exploring a central bank digital currency (<a href="https://www.cryptoknowmics.com/news/laos-explores-digital-currency-with-support-from-japan-fintech-startup/">CBDC)</a> by announcing upcoming research in a partnership with Japanese distributed ledger technology (DLT) firm Soramitsu.

The Federal Reserve too will soon launch its research examining the costs and benefits of a central bank digital currency.

IT Firm Indra and eCurrency to Offer Solutions for CBDC Development

Indra and eCurrency Mint Limited have announced a partnership to provide end-to-end digital currency solutions for central banks.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

IT Firm Indra and eCurrency to Offer Solutions for CBDC Development

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