Use of local currencies in cross-border payments can help shield emerging markets from global shocks: RBI Governor #newkerala(100751) newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.
CBDCs Make Cross-Border Payments More Efficient, India's Central Bank Governor Says insidebitcoins.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidebitcoins.com Daily Mail and Mail on Sunday newspapers.
Shaktikanta Das highlighted key aspects of the three problem statements identified for the 2023 Tech Sprint - illicit finance risks, foreign exchange and technology solutions for currency settlement and technology solutions for multilateral cross-border CBDC platforms.
Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted the challenges of cross-border payments, including high costs and limited access. He suggested that Central Bank Digital Currency (CBDC) could make these payments cheaper, faster, and more secure. Das emphasized the need for solutions and technologies to enable smooth operations between countries and reduce costs.
CBDCs can make cross-border payments efficient, says Das thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.