Central Banks of Canada, Singapore and UK Propose CBDCs for Cross-Border Payments

Central Banks of Canada, Singapore and UK Propose CBDCs for Cross-Border Payments


The reserve banks of Canada, Singapore and the United Kingdom have singled out central bank digital currencies as being one of the solutions that can be implemented in order to solve the challenges encountered when making cross-border payments. The report by the Monetary Authority of Singapore, Bank of England and Bank of Canada notes that

The post Central Banks of Canada, Singapore and UK Propose CBDCs for Cross-Border Payments appeared first on CCN

Posted by Mark Emem on November 16, 2018 @ https://www.ccn.com/central-banks-of-canada-singapore-and-uk-propose-cbdcs-for-cross-border-payments/

Comments are closed.