The Qatar Central Bank has begun the pilot phase of the digital currency project, which will extend until next October. The assistant governor for financial instruments and payment systems at the bank, Ahmed bin Khalid Al Thani, explained that the pilot phase will be between the Qatar Central Bank and the banks participating in the experiment to settle high-value payments, pointing to the development of four use cases with local and international banks, through issuing and settling securities using... Digital currency.
⚜️The first phase of the project will include four use cases with local and international banks.
The first use case: settling payments between banks using digital currency, which will increase efficiency and reduce the risks involved in using current systems,
The second case: purchasing securities using digital currency,
The third case: selling and trading securities between banks using digital currency.
Fourth case: Using artificial intelligence technology to predict liquidity levels, and this will help the Qatar Central Bank to further understand and study the risks using digital currency.
