Central Bank Digital Currency

Encourage economic growth, improve monetary policy implementation, and foster financial inclusion with the future of money powered by Plasma Blockchain Technology.

Download PDF

What is a Central Bank
Digital Currency?

Issued by the Central Bank, CBDC is digital money that provides cash-like properties while improving on paper currency.

Cash-like Properties

Is legal tender with supply controlled by the Central Bank.

Existing financial service providers continue to play a key role as CBDC intermediaries.

Nationally accepted as a form of payment.

Can be interest-bearing and serve as collateral.

Familiar and easy to use with a 1:1 peg to traditional currency.

Improvements to Cash

Central Bank Digital Currencies remove the need for a central bank to rely on intermediaries like clearing houses, ensuring payment efficiency and decreased transaction costs.

CBDC unlocks a new channel for monetary policy transmission (ie. helicopter money), in addition to indirect tools to control money supply such as quantitative easing, interest rates, and more.

CBDC balances are stored on a shared ledger making them a safe store of value independent of provider or device.

An open API standard facilitates the rapid development of and competition between innovative financial services.

Why Should Central Banks Adopt Central Bank Digital Currencies?

The effect of a 10% increase in digital money adoption across the top 300 economies:

220

Million

people would gain access to financial services

$150

Billion

lift in customer spending

$200

Billion

saved through digitized disbursements

$100

Million

cash handling costs can be avoided

Source : Citi Digital Money Report 2019

Why CBDC on OMG Network?

Plasma's Ethereum-based, high-throughput platform combines the security of blockchain technology with the speed and utility required from next-generation financial rails

Central Bank Digital Currency

Control and monitor money supply with ease.

CBDC on OMG Network

Issue CBDC on a scalable platform capable of meeting the transaction speeds and volume required for Retail CBDC.
Lend CBDC efficiently to increase market liquidity.
Tokenize government securities that can be directly bought/sold with CBDC.
Offer interest-bearing CBDC wallets with adjustable rates.

Central Bank Digital Currency

Bridge the gap between traditional and FinTech worlds with digital currency.

CBDC on OMG Network

Plasma’s Proof-of-Authority (PoA) consensus mechanism optimizes for scalability ensuring throughput requirements can be met.
Integration with the open market allows CBDC to be used for buying/selling stocks, securities, bonds, and other financial instruments.
Gain immediate access to Ethereum’s 350,000+ developer-strong ecosystem. Integrate with innovative products on web3 like non-custodial wallets, ethereum tooling, and more.
CBDC rules can be hard-coded in integrations and protocols to ensure compliance with central bank regulations.

Central Bank Digital Currency

Foster financial inclusion with a digital currency that can be accessed and used as is — from paying rent to purchasing village market goods — without the need for a bank account.

CBDC on OMG Network

Plasma wallets safely store value and can be easily set up and accessed like any other mobile app.
Enable microfinancial services through decreased transaction costs and elimination of intermediaries.
Incoming remittances can be directly deposited into the recipient’s Plasma wallet.

Central Bank Digital Currency

Enable cheap, fast digital payments for retail, trade, cross-border payments, taxes, government benefits, and more.

CBDC on OMG Network

Mobile wallet and contactless card integrations allow for interoperability with existing PoS devices and cashless systems.
Enable microfinancial services through decreased transaction costs and elimination of intermediaries.
Payment logic can support automatic submission of VAT at the time of transaction, reducing fraud and administrative burden.

Central Bank Digital Currency

Increased access to macroeconomic level data, leads to data-driven policies and a culture of transparency.

CBDC on OMG Network

Visibility into the distribution of digital money supply across entities provides insight into strengths and opportunities in market sectors.
Insight into high-level monetary flows can provide early indicators of economic instability, allowing Central Banks to respond more effectively.
Selected data can be made publicly available to provide greater insight into financial market stability and status.