IMF envisions ‘new class’ of cross-border payment platform with single ledger By Cointelegraph
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The International Monetary Fund has presented the outlines of a “new class” of cross-border payment system that uses a single ledger to record central bank digital currency (CBDC) transactions, programmability and improved information management.
IMF officials chose a roundtable on CBDC policy to reveal their new platform concept on June 19. At the event, held in conjunction with the central bank of Morocco, the IMF’s director of the monetary and capital markets department, Tobias Adrian, said the new type of platform could benefit individual and institutional users through lower fees and faster transaction times. He said:
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The International Monetary Fund has presented the outlines of a “new class” of cross-border payment system that uses a single ledger to record central bank digital currency (CBDC) transactions, programmability and improved information management.
IMF officials chose a roundtable on CBDC policy to reveal their new platform concept on June 19. At the event, held in conjunction with the central bank of Morocco, the IMF’s director of the monetary and capital markets department, Tobias Adrian, said the new type of platform could benefit individual and institutional users through lower fees and faster transaction times. He said:
Continue Reading on Coin Telegraph
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