In an unprecedented move, Gilbert Verdian has united renowned banking institutions in a quest for disruptive CBDC innovation. Brace yourself for a mind-bending journey through the digital economy’s future, where the boundaries of traditional finance are shattered. These unveiled connections will have you thinking what else is laying behind the scenes with Quant Networks operations!
What Happened?
In a groundbreaking announcement on June 16th, 2023, Quant Network CEO Gilbert Verdian confirmed a series of monumental collaborations that have been the subject of speculation and research within the Quant community for years in one single tweet.
The partnerships involve major players such as The Bank of Canada, The Bank of England, The Bank for International Settlements, the UK Government Infrastructure, and more. The revelation is a significant milestone for Quant Network and has far-reaching implications of real use cases in the world of speculative blockchain and crypto assets.
In-Depth Analysis
Verdian’s tweet and accompanying article shed light on the extensive collaborations that Quant Network has undertaken. The partnerships revolve around Project Rosalind, which aims to design and implement a Central Bank Digital Currency (CBDC) API and platform, as well as test use cases for CBDCs with financial services participants.
The key players involved in these collaborations include The Bank for International Settlements (BIS), The Bank of England, The Bank of Canada, Mastercard, Barclays, and Amazon. The partnerships highlight Quant Network’s history of innovation, expertise in financial services, and deep experience in payments. The project has yielded tangible real-world examples that demonstrate how CBDCs can support a more digitalized economy in the future.
The collaborations focus on developing a two-tiered CBDC model, where individuals and businesses can manage their CBDC balances held at a central…
