EMTECH And Hedera Hashgraph Offer Fintechs A New Way To Innovate With CBDCs

Key Points:

• EMTECH’s CBDC Innovation Kit enables fintechs to test new solutions and business models with Central Bank Digital Currency.
• The kit leverages public distributed ledger technology and comes with pre-built dashboards for users to run tests.
• EMTECH’s goal is to enable central banks to safely deploy their CBDC as a digital cash infrastructure, driving inclusion and interoperability.

EMTECH releases the CBDC Innovation Kit for fintechs to test new solutions and business models with Central Bank Digital Currency. Leverages public distributed ledger technology.

EMTECH, a Modern Central Banking Infrastructure provider, has released its Central Bank Digital Currency (CBDC) Innovation Kit. This kit is designed for fintechs and financial service providers who want to test out new fintech solutions and business models with Central Bank Digital Currency. With over 10 trillion of paper cash in circulation and over 93% of central banks exploring and piloting CBDCs, introducing a digital version of cash, the CBDC Innovation Kit provides fintechs a set of tools to begin their discovery of the possibilities of a digital cash infrastructure.

The CBDC Innovation Kit leverages a public distributed ledger technology (Hedera Hashgraph) as a layer one protocol and ERC-20 standard for tokenization. EMTECH’s simulated token called “Beyond Cash” is used for the purpose of innovation projects with fintech ecosystems. The CBDC Innovation Kit makes BYDC accessible via developer-friendly APIs for a “Bring Your Own App” ecosystem model and comes with pre-built dashboards for users as they run their tests. The APIs allow a fintech company to embed BYDC wallets via their app, test various types of transactions, and pull wallet and transaction data from the ledger.

EMTECH’s CEO and founder, Carmelle Cadet, said, “We’re extremely proud to announce this flagship CBDC offering for fintechs officially. Our point of view has been consistent: enabling central banks to safely deploy their CBDC as a digital cash infrastructure, not just a software application, can drive inclusion, interoperability, and resilience by embracing the growing fintech ecosystems.

From payments, savings to lending and investments, from rideshares to remittances. Imagine if the $10 trillion or more of paper cash floating in the world was issued digitally, used, and accounted for securely, in real-time, and seamlessly. Imagine what fintech apps could do for cash users.”

With a beta launch earlier this year, EMTECH saw interest from fintechs who signed up for their Innovation Kit. Even without a live CBDC deployed, EMTECH is eager to help explore new possibilities with CBDCs coming down the pipe. Those who get ahead of the curve have much to gain.

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