The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof of concept (POC) demonstrated the effectiveness of utilizing digital credentials for international trade and cross-border […]
Source: https://news.bitcoin.com/gieseckedevrient-ghana-cbdc-nullifies-the-need-for-multiple-intermediaries-in-cross-border-payments/
