Austrian Bank Raiffeisen Develops National Digital Currency Pilot

Austrian bank Raiffeisen Bank International (RBI) is making strides in the realm of digital currencies, focusing on the tokenization of national currencies through blockchain technology. This initiative comes alongside the global movement toward central bank digital currencies.

RBI is expanding its partnership with the Polish-British fintech company Billon after successfully testing end-to-end transfers of digitized national currency. This collaboration aims to enhance the efficiency and effectiveness of currency transfers within the digital landscape.