DBS trials digital Singapore dollar with government vouchers

DBS Bank’s pilot will involve 1000 consumers and six merchants.
It’s part of the Project Orchid, an effort aimed at laying the technological infrastructure needed for the rollout of a digital Singapore dollar.Singapore’s DBS, the leading lender across Southeast Asia, has introduced the country’s first Singapore dollar (SGD)-based programmable money pilot for real-world transactions.
In an announcement on Monday, 31 October 2022, DBS Bank said it would be partnering with