DMI finds CBDCs not targeting cross-border payments, huge potential in Metaverse By Cointelegraph
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Central bank digital currency (CBDC) development aims squarely at inclusion, both for the central bank in the national economy and for the people it serves. Meanwhile, the technology for cross-border payments is being developed elsewhere for the most part, according to a new report on the payments industry.
The Digital Money Institute (DMI), part of the Official Monetary and Financial Institutions Forum think tank, released its third annual Future of Payments report on Dec. 8. The report was sponsored by several payments companies and crypto exchange Binance, and those companies penned sections that supplemented DMI’s findings. This was the first time it included a survey of central banks.
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Central bank digital currency (CBDC) development aims squarely at inclusion, both for the central bank in the national economy and for the people it serves. Meanwhile, the technology for cross-border payments is being developed elsewhere for the most part, according to a new report on the payments industry.
The Digital Money Institute (DMI), part of the Official Monetary and Financial Institutions Forum think tank, released its third annual Future of Payments report on Dec. 8. The report was sponsored by several payments companies and crypto exchange Binance, and those companies penned sections that supplemented DMI’s findings. This was the first time it included a survey of central banks.
Continue Reading on Coin Telegraph
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