Groundwork underway for digital Singapore dollar

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Groundwork for a digital Singapore dollar is underway, but the central bank has said it is not in a hurry to roll out the e-currency yet. The Monetary Authority of Singapore has launched Project Orchid to work with industry partners to build the necessary competencies and tech infrastructure. Speaking on the second day of the Singapore FinTech Festival, MAS chief Ravi Menon said an e-dollar could help firms link up with payment systems more easily.



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Комментарии
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Just an avenue to cut cost on paper money production and adding zeros at their whim n fancy. Multiple systems failure will wipe out accounts, hackers" threats is real. Trust n Integrity is needed, does Singapore still has it?

deschan
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ban so many crypto exchanges yet at the same time wanna roll out crypto... joke

jejunegamingtv
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No thanks later like CPF don't need take out liao

fabianslife
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Japan population 20x Singapore population

Japan (underlying conditions) elderly 2.5x per capita than Singapore

Japan COVID death 0
Singapore COVID death 14

COVID can go digital or not ??

#letsgoahbeng to the govt people

HH-lmti
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This will devalue Singapore dollar. Be cautious !!!!

deschan