Friday, April 19, 2024

Cross Border CBDC Experiment

By DAC000 , in CBDC , at March 7, 2023 Tags:

involving Israel, Norway and Sweden concluded successfully, according to representatives. About a one minute read.

Comment: interesting even before deploying a domestic CBDC Central Banks (and we should conclude this is being observed or perhaps even actioned by The G20) fungibility at the global level is apparently a key design criteria. This line is key: “complete cross-border transactions within seconds”. I have assets globally, and often bounce money across national borders — the private sector can already do this, so SWIFT, et al, are playing catch up here.