America Takes Big Step Towards Implementing Central Bank Digital Currencies

SWIFT, the global bank messaging network, plans to introduce a new platform within the next one to two years to integrate central bank digital currencies (CBDCs) that are being developed in the world financial system, Reuters reported.

Given SWIFT’s critical position in global banking operations, this move marks a significant step forward for the burgeoning CBDC ecosystem.

With over 90% of th...

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