The Central Bank of Iran (CBI) announced the launch of a pilot scheme for their CBDC, the digital rial, on the island of Kish.

The new rollout will expand its digital rial pilot program, which started in 2023. 

CBI:

“Unlike other types of electronic money commonly used in the country, which are used through bank accounts and common payment tools such as bank cards, the digital rial does not require interbank settlement to transfer funds between the buyer and the seller.

Payment with this method is much easier than common card payment methods while increasing payment security.”

Source: Cointelegraph