The festival also hosted part of Project Orchid, the Singapore government initiative that’s exploring a range of digital currency solutions, including purpose-bound money. “The trial of purpose-bound money was a notable innovation,” says Pat Patel, executive director of festival organiser Elevandi. “Trial participants could use RedeemSG vouchers at participating food and beverage outlets, and merchants could directly receive the underlying digital Singapore dollars for the vouchers redeemed
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