Singapore and French central banks test cross-border CBDC exchange

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While rapid decarbonization to reach net zero by 2050 remains an imperative, helping the estimated 3.6 billion people living in vulnerable contexts to adapt to climate change is also an urgent global priority.

How can public-private partnerships in areas such as technology, finance, and innovation both create business value and strengthen climate adaptation?

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https://BlockchainInstitute.com/ presents:

In this video, Agustín Carsten, The General Manager of the Bank of International Settlements (BIS), explains the difference between CBDCs and decentralized cryptocurrencies like Bitcoin.

#cryptocurrency #cbdc #bitcoin #decentralization

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Jura explores the direct transfer of euro and Swiss franc wholesale central bank digital currencies (wCBDCs) between French and Swiss commercial banks on a single DLT platform operated by a third party. Tokenised asset and foreign exchange trades are settled safely and efficiently using payment versus payment (PvP) and delivery versus payment (DvP) mechanisms. The experiment is conducted in a near-real setting, using real-value transactions and complying with current regulatory requirements. https://www.bis.org/publ/othp44.htm