{"id":16165,"date":"2021-07-17T16:07:38","date_gmt":"2021-07-17T16:07:38","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=16165"},"modified":"2021-07-17T16:07:38","modified_gmt":"2021-07-17T16:07:38","slug":"central-bank-digital-currencies-for-cross-border-payments","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/central-bank-digital-currencies-for-cross-border-payments\/","title":{"rendered":"Central Bank Digital Currencies for Cross-Border Payments"},"content":{"rendered":"<p>A joint report (the <em><a href=\"https:\/\/www.bis.org\/publ\/othp38.pdf\">Central Bank Digital Currencies for Cross-Border Payments<\/a><\/em>) published by the G20 Committee on Payments and Market Infrastructures, the BIS Innovation Hub, the International Monetary Fund (IMF) and the World Bank is backing central bank digital currencies (CBDCs) for their potential to enhance the efficiency of cross-border payments. In particular, the report analyzes how international payments with CBDCs can be achieved through different degrees of integration and cooperation, ranging from basic compatibility with common standards to the establishment of international payment infrastructures. The analysis highlights both the need for multilateral collaboration on macro-financial consequences as well as the importance of interoperability between CBDCs.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16165 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='How ecosystems can help financial institutions win with small businesses'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-ecosystems-can-help-financial-institutions-win-with-small-businesses\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/07\/how-ecosystems-can-help-financial-institutions-win-with-small-businesses-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13358\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13358'>\n\t\t\t\tHow ecosystems can help financial institutions win with small businesses\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The 2 Biggest AI Trends Right Now'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-2-biggest-ai-trends-right-now\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/01\/f226ba83-600a-438a-8911-b3b22c82be561-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15715\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15715'>\n\t\t\t\tThe 2 Biggest AI Trends Right Now\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='6 Visions of Artificial Intelligence'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/6-visions-of-artificial-intelligence\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/11\/968b1661-e237-0613-8978-9451de2eb8eb1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16470\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16470'>\n\t\t\t\t6 Visions of Artificial Intelligence\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A joint report (the Central Bank Digital Currencies for Cross-Border Payments) published by the G20 Committee on Payments and Market Infrastructures, the BIS Innovation Hub, the International Monetary Fund (IMF) and the World Bank is backing central bank digital currencies (CBDCs) for their potential to enhance the efficiency of cross-border payments. In particular, the report &hellip;<\/p>\n","protected":false},"author":12,"featured_media":16166,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16165"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16165"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16165\/revisions"}],"predecessor-version":[{"id":16168,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16165\/revisions\/16168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/16166"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}