A study analyzing the international use of CBDCs and the underlying distributed ledger technologies shows promise for cross-border interoperability among countries with varying and emerging digital ecosystems. Launched about eight months ago by financial messaging system SWIFT, in partnership with Capgemini and central banks from France and Germany, the study concluded that a “new CBDC interlinking solution” can be used to facilitate CBDC cross-border payments.
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SWIFT shapes global CBDC framework following 8-month study
“[The] new CBDC interlinking solution can enable CBDCs to be used seamlessly and scalably for cross-border payments. Developed together with Capgemini, [it is] now being tested in a CBDC sandbox by 14 central and commercial banks, including the Banque de France, Deutsche Bundesbank, HSBC, Intesa Sanpaolo, NatWest, SMBC Group, Standard Chartered Bank, UBS and Wells Fargo,” Kerrigan said in the post.
