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Title: Southeast Asia Prepares for CBDC Revolution as Nuspay and Bits & Blocks Announce Major Collaboration

New York, United States, 19th Sep 2024 – Nuspay International Incorporated, a pioneering USA-based fintech leader, in partnership with Bits & Blocks Ltd., is proud to announce the launch of a transformative Central Bank Digital Currency (CBDC) project that promises to revolutionize the future of finance. Focused on innovation and security, this project is set to reshape the region's financial infrastructure, driving greater financial inclusion and fueling economic growth. The initiative is further bolstered by the participation of Peacock Trust United Kingdom, known for its extensive expertise in financial research and innovation.Built on Nuspay International’s cutting-edge blockchain technology and fintech experience, and combined with Bits & Blocks’ strategic expertise in navigating the Southeast Asian financial landscape, this CBDC project addresses the core challenges faced by traditional financial systems, such as inefficiency, high transaction costs, and a lack of transparency. By focusing on creating a secure, scalable, and compliant digital currency solution, the project aims to redefine how Southeast Asian economies engage with digital finance.Md. Abul Mansur, Managing Director of Nuspay International Incorporated, has been an early pioneer in the conceptualization of CBDC. Reflecting on his work, Mr. Mansur shared: “I began developing the initial concept of CBDC around currency virtualization, envisioning a solution that goes beyond e-Money, which is often controlled by commercial entities rather than the central bank. I asked myself, ‘If fiat currency is controlled by central banks, why shouldn’t e-Money be as well?’ This thinking led me to build the technological framework for CBDC, ensuring that it aligns with central bank regulations to provide the...

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