CBDC for international settlements
Wider use of CBDCs for cross-border settlements dents banks’ fee income
Wider use of CBDCs for cross-border settlements dents banks’ fee income
Lenders will have to reduce cross-border fees once CBDCs become more mainstream.
Singapore joins multi-central-bank project to test CBDC use for international settlements
The BIS Innovation Hub’s Singapore centre will lead the project.
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Why Singapore’s fast payments need faster protections