CBDC - NewNerve

In an increasingly interconnected world, cross-border payments play a vital role in facilitating international trade, remittances, and global economic transactions. The ability to transfer funds swiftly, securely, and cost-effectively across borders is crucial for businesses, individuals, and economies at large. However, cross-border payments have historically been associated with various challenges, including high costs, delays, and inefficiencies. In recent years, technological advancements and evolving regulatory frameworks have paved the way for transformative changes in the cross-border payment landscape. This article explores the advancements, challenges, and potential future developments in cross-border payments. Cross-border payments refer to financial transactions that involve ...

Reserve Bank of India (RBI) Governor Shaktikanta Das recently emphasized the importance of Central Bank Digital Currency (CBDC) as a safer alternative to potentially dangerous private digital currencies. Let’s delve into the details. Digital Currencies: The Context Private digital currencies, commonly known as cryptocurrencies, are currently unregulated in India. The Indian government does not register crypto exchanges, and these assets operate in a borderless manner, requiring international collaboration. CBDC: A Safer Alternative Governor Das highlighted that CBDC can drive financial inclusion and provide a much safer alternative to private digital currencies. Here are the key points: Settlement Finality: CBDC offers the feature of settlement finality, which can substantially re...

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The Promising Future of Cross-Border Payments: 7 Key Advancements

Private Digital Currencies vs. CBDC: A Safer Alternative