Business And Markets

CryptoRial Getting Closer to Reality  

The CBI earlier provided some details about the project in a draft of the CryptoRial whitepaper. Even though the document contains valid information it does not fully address concerns raised by economists and experts
CryptoRial Getting Closer to Reality  
CryptoRial Getting Closer to Reality  

The Central Bank of Iran says the pre-pilot phase of its Central Bank Digital Currency project, CryptoRial, is complete and now in its pilot phase. 
"The pre-pilot phase ended successfully with valuable achievements. The project will soon be launched in other ecosystems and will be used by more users," Mohammad Reza Mani Yekta, head of CBI office for supervising payment systems was quoted as saying by Ebinew website. 
"Ten banks have applied to join the project. This gives us further inspiration about the project’s future," Mani Yekta said. 
Bank Melli, Bank Mellat and Bank Tejarat were involved in the experimental phase of the project. All banks and credit institutions are expected to start offering electronic wallets for using the new national currency. 


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