Dragonfly Fintech Wins Finalist at G20 Tech Sprint 2022

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Dragonfly Fintech has been nominated as a finalist for the 3rd G20 TechSprint in Indonesia. It is an arena that allows contestants to showcase their ability to use a central bank-issued digital currency (CBDC) after the first tournament hosted by Saudi Arabia in 2020 focused on the use of regulatory technology. (RegTech and SupTech) and subsequently hosted by Italy in 2021 as a green finance competition for this year is part of Indonesia’s G20 presidential term. This will conclude at the G20 Heads of State and Government Summit in Bali this November.

G20 Tech Sprint 2022 is a global competition. Organized by the Bank of Indonesia in collaboration with the Bank of International Settlement Innovation Hub, it focuses on the development and demonstration of CBDCs for transactions between financial institutions. (wholesale CBDC) and for retail transactions of businesses and people (retail CBDC) to meet the needs of 3 main areas: production, institutional transactions. retail transactions and the distribution of the CBDC currency, access to financial services through the use of the CBDC, and the use of the CBDC to improve interoperability between the public sector payment systems of each country.

“We are honored to be selected as a finalist in the manufacturing field. Institutional Transactions retail transactions and the spread of the CBDC currency, we will meet the unmet future demand. through innovative blockchain-driven solutions This platform gives us the opportunity to grow by showing that Dragonfly can simplify digital banking in everything from monetary policy setting to institutional transactions, payments and microtransactions in a cohesive system.” said Lon Wong, founder and CEO of Dragonfly FinTech from Singapore.

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In addition, Dragonfly is excited to be recognized on the world stage. As Asia’s leading fintech industry leader It was born as a concept in 2015 and is now rapidly expanding its operations globally to engage and support other central banks in making their CBDC vision a reality.

About Dragonfly FinTech

Dragonfly FinTech is a leading provider of innovative fintech solutions using the ProximaX blockchain protocol to meet the unmet digital needs of industry customers. Banks and Capital Markets as well as developing new era banks (neobanking) and CBDCs around the world because banks today It’s the bank of tomorrow! See more information at www.dfintech.com


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