The native currency of Quant, a blockchain platform that helps financial institutions incorporate digital currencies into their businesses, on June 15 soared 20% following its partnership announcement with the Bank of England for Project Rosalind. Quant Collaborates With BIS And The Bank Of England Project Rosalind is a central bank digital currency (CBDC) initiative, led by the Bank for International Settlements (BIS) and the Bank of England. It aims to explore the implementation of APIs in CBDC systems to facilitate retail payments. Project Rosalind focuses on leveraging APIs in CBDCs and investigating innovative use cases for the technology. The project uses a collaborative model between the public and private sectors. The public sector provides the needed infrastructure, and the private sector is responsible for developing consumer applications. Related Reading: ZachXBT Slapped With Defamation Lawsuit For MachiBigBrother Exposé Quant contributed to the development of Project Rosalind, by designing and developing API functionalities that would enable programmability within the private sector. Following the announcement of their contribution, QUANT soared 20%, reversing losses posted early this week. Besides designing, Quant also pr ..
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