Many governments and central banks around the world are exploring the use of central bank digital currencies (CBDCs), including China. Photo: Xinhua Many governments and central banks around the world are exploring the use of central bank digital currencies (CBDCs), including China. Photo: Xinhua
Many governments and central banks around the world are exploring the use of central bank digital currencies (CBDCs), including China. Photo: Xinhua

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

  • The Bank of International Settlements (BIS)-backed pilot scheme used blockchain to synchronise transaction data across participants in the payment chain
  • The ‘mBridge’ pilot scheme involves the central banks of China, the United Arab Emirates, Hong Kong and Thailand

Topic |   Digital currencies
Many governments and central banks around the world are exploring the use of central bank digital currencies (CBDCs), including China. Photo: Xinhua Many governments and central banks around the world are exploring the use of central bank digital currencies (CBDCs), including China. Photo: Xinhua
Many governments and central banks around the world are exploring the use of central bank digital currencies (CBDCs), including China. Photo: Xinhua
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