Using CBDCs for enhanced cross-border payments

Cross-border payments are usually criticized for high cost, low speed, limited availability to households and businesses and insufficient transparency, but recent technological advances could help mitigate those issues, according to a Bank for International Settlement report.

The report, entitled "Central bank digital currencies for cross-border payments," was published in collaboration with the International Monetary Fund and the World Bank’s committee on payments and market infrastructures.  It was prepared for the G20 group of nations' forum.

Get more information and access the full report HERE.