While it is stated that the central bank’s goal is only to get a better understanding of the technology, there are reports about the Bank of Canada creating a concept digital dollar, which few publications have called CAD-Coin. One of the publications has quoted Ms. Wilkins saying –
“One of the bank’s many Fintech research projects … is to build a proof-of-concept wholesale interbank payment system using a distributed ledger, in conjunction with Payments Canada, R3 and Canadian banks. The central bank’s goal in these projects is solely to better understand the technology firsthand. Other frameworks need to be investigated, and there are many hurdles that need to be cleared before such a system would ever be ready for prime time. None of our experiments are to develop central bank-issued eMoney for use by the general public. These are still conceptual research questions that are being investigated by many central banks.”
http://www.newsbtc.com/2016/06/19/bank-of-canada-looks-into-blockchain-as-walmart-introduces-walmart-pay/
