{"id":33631,"date":"2020-12-18T14:44:32","date_gmt":"2020-12-18T12:44:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33631"},"modified":"2025-08-28T14:46:27","modified_gmt":"2025-08-28T11:46:27","slug":"visa-proposes-offline-payment-method-for-central-bank-digital-currencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/visa-proposes-offline-payment-method-for-central-bank-digital-currencies\/","title":{"rendered":"Visa proposes offline payment method for central bank digital currencies"},"content":{"rendered":"<p>Payment giant Visa published a study describing an autonomous payment system for central bank digital currencies (CBDCs).<!--more--><\/p>\n<p>The document discusses the advantages of CBDCs and how they can be used offline.<\/p>\n<p>Visa proposed a system that would use \u201copen-source technology and a public-key infrastructure\u201d so transaction messages could be signed without an Internet connection.<\/p>\n<blockquote>\n<p>\u201cRecipients can send signed autonomous payment messages to an authorised wallet provider with guaranteed settlement on these transactions, to withdraw funds from the autonomous payment system,\u201d the document states.<\/p>\n<\/blockquote>\n<p>Visa notes that CBDCs would connect people who do not have bank accounts to a \u201cdynamic ecosystem of accessible financial technologies.\u201d<\/p>\n<p>The code for the described protocol could potentially be developed in the future.<\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a style=\"text-decoration: underline;\" title=\"View An Offline Payment System for CBCD on Scribd\" href=\"https:\/\/www.scribd.com\/document\/488589609\/An-Offline-Payment-System-for-CBCD#from_embed\">An Offline Payment System for CBCD<\/a> by <a style=\"text-decoration: underline;\" title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" id=\"doc_59631\" class=\"scribd_iframe_embed\" title=\"An Offline Payment System for CBCD\" src=\"https:\/\/ru.scribd.com\/embeds\/488589609\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-sYkf7Uog0FK62drJ3MRz\" width=\"600\" height=\"800\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"false\" data-aspect-ratio=\"0.7729220222793488\"><\/iframe><\/p>\n<p>As noted by Visa, digital currencies have the potential to enhance the value of digital payments, and it has said it is prepared to support the development of the industry.<\/p>\n<p>In September, Visa representatives began examining the prospects of creating <a href=\"https:\/\/u1f987.com\/en\/news\/visa-to-build-payments-system-based-on-digital-currencies\">offline payment system<\/a> based on a digital currency. The payments giant is also involved in work on central bank digital currencies.<\/p>\n<p>Follow ForkLog&#8217;s news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Visa, the payments giant, published a study describing an autonomous payment system for central bank digital currencies (CBDCs).<\/p>\n","protected":false},"author":1,"featured_media":33632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1198,157],"class_list":["post-33631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-crypto-payments","tag-visa"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33631"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33631\/revisions"}],"predecessor-version":[{"id":33633,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33631\/revisions\/33633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33632"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}