Tag: Central Bank Digital Currency

CBDC
March 27, 2024 BY Elizabeth Anderson

SWIFT Plans New Central Bank Digital Currency Platform for Cross-Border Transfers

This solution, known as the connector, reportedly enables the seamless incorporation of the use of CBDCs into business practices. Thirty-eight institutions participated in the experiment, including central commercial banks and markets. These included global leaders such as Deutsche Bank, Société Générale, ANZ and Citibank. The outcomes showed the innovation simplifies and expedites trade flows, promotes…

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