xrphilosophy Posted January 23, 2020 Share Posted January 23, 2020 https://cointelegraph.com/news/world-economic-forum-debuts-framework-for-central-bank-digital-currency "The framework recognizes that a CBDC — among other things — can improve the cost and speed efficiencies of cross-border interbank payments, as well as reduce settlement and counterparty risks. The WEF notes that a digital currency can also enhance financial data transmission and reporting, and improve traceability compared to physical cash. The paper admits that, before considering a CBDC, other solutions to economic friction should be considered. A digital currency may not add value in domestic interbank payments where an efficient system is already present." Cesar1810, Julian_Williams, Tripple and 2 others 4 1 Link to comment Share on other sites More sharing options...
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