Visa to Share CBDC Expertise with Azerbaijan Central Bank
A VISA executive recently revealed that the company is sharing its CBDC expertise with the Central Bank of Azerbaijan . Cristina Doros, Vice President and Regional Manager of Visa in Central Asia and Azerbaijan said in a recent interview with Trend, that the company and the Central Bank are engaging in an ‘open and constructive debate’ to develop ‘appropriate formats’ of contact and cooperation. She added, “Now, Central Bank s from various countries are working to answer critical questions, such as what the solution’s infrastructure and architecture should be, and how it will be used. How will the issuer engage with commercial banks as the CBA? As Visa, we are eager to share our experience and are open to dialogue.” Visa has recently tied up with many countries’ central banks to develop digital versions of their currency. Recently, Bazil’s central bank picked 14 institutions to take part in the pilot program of its CBDC. Visa...