Latest Quant updates on March 28th

Quant Network is making major announcements and updates regarding the development of their digital currency project. On March 28th, they mentioned the launch of the Bank of England’s consultation on the concept of a digital pound, which is an opportunity to set the record straight. On March 27th, the potential benefits of tokenisation were shared, such as increased liquidity, lower transaction costs, and increased transparency. The 24th saw the discussion of Central Bank Digital Currency (CBDC) and its potential to equip central banks with new tools to help soften the impact of forthcoming financial crises. On March 23rd, Quant Network shared their views on the need for a new form of money, as well as its governance rules, the risk to commercial banks, and the need for access, trust, and privacy. They also mentioned the need for ecosystem collaboration and integration. Finally, they announced their upcoming panel on the same day, with the intention of further discussing the development of CBDCs.