Golden Finance reported that the Bangko Sentral ng Pilipinas (BSP) recently stated that it has completed the proof-of-concept trial of its Agila project wholesale central bank digital currency (wCBDC) together with other financial institutions. Specifically, the latest trial tests whether banks in the Philippines can pay each other outside banking hours, such as evenings, weekends and holidays. BSP Governor Eli M. Remolona, ​​Jr. said: “Wholesale CBDC is expected to enhance liquidity management, reduce settlement risk and support financial stability. Insights from this project will guide the BSP’s CBDC roadmap. We aim to leverage new technologies to further improve Efficiency and resilience of national payment systems.”