Purpose Bound Money (PBM) Technical Whitepaper
This paper provides a technical overview to the concept of PBM, which enables money to be directed towards a specific purpose, without requiring money itself to be programmed. PBM features the use of a common protocol that is designed to work with different ledger technology and forms of money. With a standardised format, users will be able to access digital money using the wallet provider of their choice.
Orchid Blueprint sets out the technology and infrastructure building blocks that would be required to facilitate digital money transactions in the future. The blueprint incorporates learnings from the Project Orchid industry trials and industry engagements.
This whitepaper was jointly developed in collaboration with the Financial Industry, FinTechs and Industry Groups. It proposes a common model for linking digital asset networks implemented on diverse ledger technologies and describes common archetypes for the issuance, distribution and transfer of digital assets and...
This report presents proposals from a comprehensive feasibility study on the potential for the introduction of SGQR+ as Singapore’s future interoperable payments infrastructure. The study was conducted by the EY organisation, and Singapore’s key payment network operator, Banking Computer Services (BCS), with the support of MAS. The study’s key areas of focus were to determine the readiness of merchants and payment providers to adopt interoperable QR payments, and the benefits of enabling seamless and secure cross-platform QR payment transactions.