As global finance continues to evolve digitally, newer cryptocurrency products are on the rise, and central bank digital currencies (CBDC) seem to be at the center of this discussion. Australia is one of the latest countries to take advantage of the emergence of digital currencies.
The country’s plan to launch a central bank digital currency has just reached a major milestone, with blockchain startup Canvas announcing the successful use of the Australian CBDC to execute an FX (foreign exchange) transaction.
Australia Records First FX Transaction With CBDC
On Thursday, May 18, 2023, CANVAS announced its successful attempt at facilitating the first foreign exchange transaction using an Australian CBDC. The global fintech company made this known to the public through a press statement released on its website.
We are very pleased to announce that @canvas_defi has completed the first ever foreign…
