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Quant (QNT) Price Surges on Collaboration with BIS and Bank of England for CBDC Test

June 19 (Cointime) - Quant (QNT) saw a surge in price due to its collaboration with the Bank for International Settlements (BIS) and Bank of England for Project Rosalind, a test for the UK’s central bank digital currency (CBDC). However, the crypto markets are currently in decline, resulting in a 2% decrease in QNT's price.

Quant is a UK-based blockchain platform that aims to make it easy for traditional financial institutions to use blockchain technology. The platform's interoperable blockchain network Overledger could be critical to the development of CBDCs. Project Rosalind explored the use of application programming interfaces (APIs) for CBDC systems, showing that APIs could enable CBDC systems to deliver benefits related to payments functionality and security.

Quant Quant $95.55
+11.7%
Bank of England CBDC
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