Currency

The World Bank, IMF and BIS push for central bank cryptocurrencies to improve cross-border payments

2 monthes ago   |   By Business Insider

G20
Anadolu Agency/Getty images
The BIS, IMF and World Bank released a report on central bank digital tokens for the G20.
The report suggests CBDCs could make cross-border payments faster, cheaper, and more transparent.
However, countries must collaborate with one another as the implications "will go beyond borders," the report said.
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Central bank digital currencies could vastly improve today's international payments systems, according to a report by the World Bank, the International Monetary Fund and the Bank for...
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