Turkey to integrate digital currency with national digital identity system

(by Tom Phillips | NFCW) – Turkey is planning to launch a central bank digital currency (CBDC) that will be integrated with the country’s digital identity system and the Central Bank of the Republic of Turkey’s FAST instant payments service.

The integration will form part of the next phase of the country’s Central Bank Digital Turkish Lira Research and Development Project that will also include testing the use of the CBDC for payments as well as for wholesale banking transactions. Read Full Article >