PS-CBDC

Central Bank Digital Currency

ProgressSoft’s Blockchain-based Central Bank Digital Currency is an advanced, secure form of regulated national digital currency built on advanced blockchain technology and authorized by the central bank.

The solution maintains a one-to-one exchange rate with fiat money and contains the advantageous capabilities of conventional CBDCs while maintaining adaptability to multifold strategies by central banks.

PS-CBDC

Features

Secure Design

PS-CBDC runs on top of a permissioned (private) blockchain network that presents immutable ledgers of all transactions and money movements.

Secure Design
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.

Open Integrators & Built-in Smart Contracts

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

Open Integrators & Built-in Smart Contracts

More features

Dynamic Use Cases

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

Modules

PS-CBDC comprises four major 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