In the latest report on Thursday, September 2, Reuters noted that four major central banks will be conducting cross-border CBDC payment trials. This includes the central banks of Australia, Singapore, Malaysia, and South Africa.
The pilot projects from these four central banks will determine whether if CBDC transaction settlements are easier and cheaper. Governments and economies across the globe have accelerated their work on central bank digital currencies (CBDC).
Top economies like China have already accelerated their CBDC developments in the market. Besides, China has also started the cross-border testing of its Digital Yuan with Hong Kong.
All these developments are currently in the primary stage. But it certainly highlights the upcoming shift in the global payments infrastructure. However, the technical implementation and use of CBDCs on the world map need to be verified and tested.
In this latest experiment, these four leading central banks will be testing the CBDC cross-border
Źródło: https://coingape.com/four-major-central-banks-conducting-cross-border-cbdc-payment-trials/
