The World Bank is planning to add fully digital cash settlement, multiple currencies and more nodes to its ‘bond–i’ platform, according to a banker involved in developing the blockchain system. Earlier this month, the supranational added tap functionality, as it raised A$50m ($33.7m) of capital.
Like the original bond–i transaction, the cash leg of the recent tap was settled offline, instead of using blockchain ledger technology.
“The next functionally we are looking to add is settlement capability, and that’s when we will capture 100% of the benefits,” said the banker.
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