RE: Closures12 Sep 2024 13:10
Spinbok
Bros.
just look at the direction of travel..
Dot one close branches
Dot two push towards a cash free society
Dot three push towards CBDC... Job done.
Black market economy in freefall and Govt total oversight of your money transactions....
Reboot β Is Lloyds Engineering Hackathon Brand
Its team came top in the 2022 hackathon challenge alongside teams from ..IBM, Lloyds Banking Group, Mastercard, Industria, REGnosys, Rethink Ledgers, UST, SDK.finance, and Barclays (although the latter was not eligible for awards).
The teams had various technologies at their disposal (Corda, Ethereum, Java, DAML, etc) to solve the main challenges:
Deposit physical cash into a CBDC account
Transfer value between two CBDC accounts
Transfer value from a CBDC account to a commercial bank account
Pay at the merchant website using CBDC
Crowdfunding via multiple debits and a single credit
https://payspacemagazine.com/all/lloyds-bank-tops-barclays-cbdc-hackathon/