PR Newswire
20 Jun 2022, 21:37 GMT+10
SINGAPORE, June 20, 2022 /PRNewswire/ -- Dragonfly has won a place in the final round of the third G20 TechSprint global challenge. This year's challenge focuses on central bank digital currency (CBDC) following Saudi's 2020 RegTech and SupTech, and Italy's 2021 Green Finance. This year's competition is held as part of Indonesia's G20 presidency which will culminate in the G20 Heads of State and Government Summit to be held in Bali in November 2022.
The G20 TechSprint global competition which is jointly organized by Bank Indonesia and Bank of International Settlement Innovation Hub focuses on the development and showcasing of retail and wholesale CBDC as a viable solution in three core areas: issuance, wholesale, retail, and distribution of CBDC; financial inclusion through the use of CBDC; and CBDC as an improved means of interoperability among participating sovereign payment systems.
"We are honored that we have been chosen as a finalist in the issuance, wholesale, retail, and distribution of the CBDC segment. We are about serving the future unmet needs of the industry with innovative blockchain powered solutions. This growth opportunity allows us to illustrate how Dragonfly simplifies digital banking covering the entire spectrum from monetary policy making to wholesale, settlement, and retail distribution in an interoperable system," comments Lon Wong, Founder and CEO of Singapore-based Dragonfly Fintech.
Dragonfly is also excited about the increased visibility on the world stage as a cutting-edge Asian fintech leader first conceptualized in 2015, and is rapidly expanding its footprint worldwide to engage and support other central banks in making their CBDC vision a reality.
About Dragonfly Fintech
Dragonfly Fintech is an innovative fintech solution provider utilizing the ProximaX blockchain protocol to address clients' unmet digital needs in the banking and capital markets, advancing the nascent neobanking and CBDC globally. Tomorrow's banking, today!
For more information, please visit www.dfintech.com
SOURCE Dragonfly Fintech Pte. Ltd.
Get a daily dose of Philippine Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philippine Times.
More InformationKIYIV, Ukraine: While visiting Ukraine this week, Prime Minister Anthony Albanese said Australia will ban Russian gold imports and provide ...
BERLIN, Germany: Karl Lauterbach, Germany's health minister, has said that he will encourage family doctors to issue more prescriptions for ...
PARIS, France: According to projections and interviews by the Associated Press in 11 countries, tourism officials have said they expect ...
TRENTO, Italy: Record warm temperatures caused a mountain glacier in the Italian Alps to collapse on July 3, killing at ...
WASHINGTON D.C.: The Department of Homeland Security (DHS) will assist Qatar with security during the 2022 World Cup, which begins ...
PARIS, France: Signaling further disruptions for summer travelers, workers at Roissy-Charles de Gaulle Airport said they would go on strike ...
LONDON, England: Amidst surging energy prices and worker shortages, research released this week showed the number of pubs in England ...
BERLIN, Germany: Higher import figures saw Germany recording its first monthly trade deficit in May since 1991. Exports amounted to ...
NEW YORK, New York - The U.S. stock markets again edged in and out of positive territory on Wednesday, but ...
BRUSSELS, Belgium: A document released by the European Union this week revealed that the bloc and its development finance institutions ...
WARSAW, Poland: As Poland's main interest rate remains at its highest level since 2008, boosting the profits of Polish banks, ...
SYDNEY, NSW, Australia - Stocks across Asia lost ground on Wednesday, although the New Zealand market defied the regional trend ...