Tuesday , October 19 2021
Home / South China Morning Post / Central bank digital currencies can make cross border payments ‘faster and cheaper’, BIS says

Central bank digital currencies can make cross border payments ‘faster and cheaper’, BIS says

Summary:
[unable to retrieve full-text content]Central bank digital currencies (CBDCs) can slash the time needed for cross border payments to seconds from days and cut costs, the Bank of International Settlements (BIS) said, citing a pilot scheme to test the digital forms of fiat currencies.The trial showed cross border transactions could be made in a few seconds, instead of three to five days, as CBDCs help skirt complicated arrangements under which payments are passed via a network of banks, the BIS said in a report on Tuesday.CBDCs also…

Topics:
Reuters considers the following as important:

This could be interesting, too:

Tyler Durden writes FDA To Allow “Mixing and Matching” Of COVID Boosters

Tyler Durden writes North Korea May Have Test-Fired A Ballistic Missile, Japan Coast Guard Reports

Pearl Liu writes Evergrande’s debt crisis sates appetite for risk, forcing 206 plots to withdraw from China’s land auctions since September

Tyler Durden writes Northern California Gets Reprieve From Worst Drought In Century As Rain And Snow Fall   

[unable to retrieve full-text content]
Central bank digital currencies (CBDCs) can slash the time needed for cross border payments to seconds from days and cut costs, the Bank of International Settlements (BIS) said, citing a pilot scheme to test the digital forms of fiat currencies.The trial showed cross border transactions could be made in a few seconds, instead of three to five days, as CBDCs help skirt complicated arrangements under which payments are passed via a network of banks, the BIS said in a report on Tuesday.CBDCs also…
About Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.