Using CBDCs across borders: lessons from practical experiments

Using CBDCs across borders: lessons from practical experiments

From bis.org

Central bank digital currencies (CBDCs) could help to deliver better cross-border payments. Nine out of 10 central banks are exploring CBDCs, both conceptually and technically, either in retail or wholesale form or both. Work on wholesale CBDCs is increasingly driven by reasons related to cross-border payments efficiency (Kosse and Mattei (2022)). The G20 has made enhancing cross-border payments a priority and endorsed a comprehensive programme in the form of a set of 19 building blocks led by the Financial Stability Board (FSB) and the BIS Committee on Payments and Market Infrastructures (BIS CPMI) to address the ... (full story)

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