Central Bank Digital Currency

PS-CBDC

ProgressSoft’s Central Bank Digital Currency is an advanced, secure form of regulated national digital currency built on centralized or Distributed Ledger Technology (DLT) and authorized by the central bank.

The solution maintains a one-to-one exchange rate with fiat money and is designed by international experts in economy, finance and regulation complemented with decades of experience in national payment systems to offer a bespoke advanced form of national money.

PS-CBDC

Features

Centralized or DLT-Based CBDC

PS-CBDC can be implemented on a centralized ledger or distributed ledger technology (a private blockchain network) depending on the objectives and design decisions of the central bank.

Centralized or DLT-Based CBDC
One-to-One Exchange Rate

One-to-One Exchange Rate

PS-CBDC maintains a one-to-one exchange rate with fiat money and allows for the gradual migration towards central bank digital currency.

Dynamic Use Cases

PS-CBDC supports account-based, token-based, wholesale and retail CBDC implementation designs. It also provides for numerous use cases including interbank settlement, individual payments and identity management.

Dynamic Use Cases

More features

Open Integrators & Built-in Smart Contracts

PS-CBDC offers open integrators and built-in smart contracts in addition to its modular and auto-scalable components to satisfy multifold payment ecosystems and implementation approaches by central banks.

Modules

PS-CBDC offers a wide set of modules including identity management and digital wallets that take into consideration issuance, valuation, consensus and peer-to-peer domestic and cross-border payments.

Mobile Wallet

The PS-CBDC mobile wallet Software Development Kit (SDK) seamlessly connects with any mobile payment application to facilitate a smoother nationwide transition to CBDC where mobile wallets can support both e-money and CBDC.

Benefits