Oneiro, Inc Launches Digital Currency Platform for Central Banks

Malawi Central Bank Warns Against Cryptocurrency
Malawi Central Bank Warns Against Cryptocurrency

Oneiro, Inc., a self-described “global provider of high-performance blockchain solutions, and developer of the first adaptive digital currency,” has revealed a new software platform “aimed towards accelerating the development of Central Bank Digital Currencies (CBDCs),” according to a press release from the group.

This platform ensures that central banks and other groups interested can “rapidly bring to market new secure, scalable, and easy to use digital currencies” with a focus on crafting their own monetization policies on top of it all. This will help fight volatility and inflation, the release continues.

Speaking on the matter is Ciarán Hynes, Managing Partner at COSIMO Ventures who has stake in Oneiro, stating:

“We are pleased with the progress Oneiro has made to extend their blockchain expertise into the CBDC space. Building an institutional-grade CBDC is time consuming and requires large amounts of blockchain expertise and development that goes far beyond the base compliance protocol layer offered by existing general-purpose platforms.”

“We believe the Oneiro CBDC Platform allows emerging markets to overcome the development pains with a software platform that accelerates time-to-market, bringing digital banking to the countless number of unbanked people across the world. Now banking is accessible to all!”

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