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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. Furthermore, the project aligns with broader economic goals by fostering financial inclusion and supporting sustainable growth.

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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

These projects leveraged distributed ledger technology (DLT) to settle trades more quickly and securely, using delivery-versus-payment (DvP) mechanisms that reduce counterparty risk. That means it is easily accessible at various levels of technology and can also be accessed offline.”

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Indonesia Completes Rupiah Digital PoC, Advancing Wholesale CBDC Exploration

Fintech News

This phase, part of the Immediate State of Project Garuda, focused on testing a distributed ledger technology (DLT)-based wholesale cash ledger system to assess its feasibility, security, and compatibility with Indonesia’s financial ecosystem.