BIS Plans Instant Cross-Border Payments Using Wholesale CBDC Settlement
Submitted by Anonymous (not verified) on Tue, 06/04/2024 - 11:50
In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central bank digital currencies (CBDCs). The initiative, a collaboration between the BIS Innovation Hub […]