Title: Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
Post by: Bitcoin on Jul 25, 2024, 10:52 am
Post by: Bitcoin on Jul 25, 2024, 10:52 am
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
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: Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments (https://news.bitcoin.com/gieseckedevrient-ghana-cbdc-nullifies-the-need-for-multiple-intermediaries-in-cross-border-payments/)
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: Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments (https://news.bitcoin.com/gieseckedevrient-ghana-cbdc-nullifies-the-need-for-multiple-intermediaries-in-cross-border-payments/)