(Warning) m-CBDC Cross Border Payments Now Activated

The m-CBDC Bridge initiative will further explore the capabilities of distributed ledger technologies (DLT) by developing a proof-of-concept (PoC) prototype to support real-time cross-border foreign exchange payment-versus-payment transactions in multiple jurisdictions, operating 24/7. It will analyze business use cases in a cross-border context with both domestic and foreign currencies.

Central banks of China and United Arab Emirates join digital currency project for cross-border payments –
1. https://www.bis.org/press/p210223.htm
2. https://www.bis.org/cpmi/publ/d193.pdf

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