CBDCs offer faster settlements: Citi survey of global securities firms
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Discussions around shortening local financial settlement cycles within the next five years have most securities firms eyeing
Just a month after India pitched the idea of conducting cross-border payments using its CBDC to 18 central banks, the Reserve Bank of Australia completed its in-house CBDC pilot.
We’ve released a report with the Digital Finance CRC @DigiFinanceCRC today on the findings from an Australian central bank digital currency pilot.https://t.co/bTT84yBp02#RBA #CBDC #Payments #DigitalPayments #Blockchain #FinTech pic.twitter.com/WXfe7lchHj
— Reserve Bank of Australia (@RBAInfo) August 23, 2023
The Australian central bank believes that a CBDC may support financial innovation in areas such as debt securities markets, and it could promote innovation in emerging private digital money sectors, enhancing resilience and inclusion within the wider digital economy.
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