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Int'l Experiment Proposes Cross-Border Retail CBDC Run as Two Domestic Payments

The Bank for International Settlement (BIS) and its partners, the central banks of Israel, Norway and Sweden have completed their joint experiment on cross-border retail central bank digital currency (CBDC). The experiment was tagged ‘Project Icebreaker.’ Retail CBDC are government-backed digital currencies used for payment purposes by consumers and businesses.

The experiment, which studied the potential advantages and challenges of using retail CBDC in international payment, found that... Read More

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Retail

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Posted: Mar 6 2023, 15:07

Author Name: financemagnates

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