![]() ![]() This SWIFT Institute commissioned research paper, authored by Chusu He, Alistair Milne and Markos Zachariadis reports an investigation into the business processes employed in the execution of international payments and discusses how international payments might be improved through the adoption of central bank digital currencies. Payments Partnerships and Services Manager, Global APMs 1w I have just discovered an amazing blog ( ), written by Hua Li, and what she is sharing is a pure gold. A few have already implemented forms of CBDC that can be used as alternatives to central bank notes in daily payments, many more have initiated projects assessing the feasibility of creating their own digital currency and are publishing interim research and policy papers on what this would entail. Payments Innovation, Data & Analytics Specialist for SWIFT, shared with us that the. Read about what counts as a Central Bank Digital Currency (CBDC) and the nature of the CBDC opportunity in international payments.Ĭentral banks worldwide are examining closely the new digital monetary technologies with many of them considering launching their own central bank digital currencies. SWIFT gpi: Leveraging Cross-Border Payments for the Real-Time World. SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, is a messaging system that allows banks around the globe to securely and quickly communicate about.
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