Many states are moving towards the creation of national digital currencies (CBDC). With the help of such a tool, the authorities expect to reduce transaction costs, increase the availability of financial services for the population, and also minimize the amount of investment in bitcoin, which is viewed by central banks as a threat.
A joint study by Oliver Wyman and investment bank JPMorgan says that with the help of CBDC multinational corporations can save up to $ 100 billion annually. Companies now pay high commissions for sending funds from one point of the globe to another.
As soon as the Central Bank tokens appear, international settlements will be simplified, since there will be no need to attract third parties in the form of payment operators. Reducing transaction costs will be possible if central banks create a global CBDC network.
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Researchers propose to create a system that would instantly convert any token. It can be based on payment corridors that are already used in settlements between states representing the Asia-Pacific region.