A regulatory compliant cash product that allows citizens to use a digital form of central bank money for payments. It replicates physical notes & coins in digital form and does not require citizens to have access to bank accounts to use digital cash for payments.
A digital form of cash provides a far more effective method for central banks to distribute cash, as well as delivering enhanced monitoring of cash through the economy and ensuring accessibility & inclusivity of cash to citizens.
As countries face continuing challenges from private money, cryptocurrency and economic shocks, which in turn increases the risk of capital flight, central banks need to provide a digital system that ensures all citizens can continue to access cash in an ever changing digital economy.
A peer-to-peer cash solution that does not require an intermediary to facilitate payments between individuals and merchants.
Digital cash is a peer-to-peer payment platform that facilitates faster and cheaper cash payments, eliminating the need for an intermediary to facilitate payments.
We achieve this by providing a token-based solution that allows cash to be held directly by the user without relying on a bank account.
To ensure full control over the use of tokens, our approach places a significant importance in defining the role of an issuer, who will be responsible for controlling and managing digital cash tokens, from issuance, distribution, and monitoring.
The product can be used by central banks to mint and issue retail central bank digital currencies.