Bank of Canada to Reveal Results of its Digital Currency Experiment While Bitcoin Stands Dismissed

According to a report, Canada’s central bank will publish the results of its experiment with a blockchain-powered payments system. While the experiment utilized an in-house digital currency, one senior central bank official dismissed bitcoin ‘as a commodity rather than a money itself.’
A Reuters report revealed that details of the prototype tested by the Bank of Canada that used bitcoin’s underlying technology, blockchain, will be published, according to senior deputy governor Carolyn Wilkins.
Wilkins, who was speaking at a conference hosted by the Ontario Securities Commission, stated:
It’s been a very useful exercise and we’ll be publishing the results sometime in the next few months.
Wilkins also revealed that New York-based blockchain startup R3 was involved. So too was Payments Canada, the operator of a clearing and settlements platform in the country.

This post was published at Crypto Coins News on 03/11/2016.