Today the BIS Committee on Payments and Market Infrastructures (CPMI) published a report on how multilateral platforms could address cross border payment frictions. The paper mentions 20 separate platforms, most of which use conventional technologies and are in production. It also includes three CBDC cross border payment platforms which are still in development and all use blockchain.
However, the paper doesn’t mention other private DLT initiatives such as Fnality, Partior or Baton Systems.
The three cross border CBDC platforms referenced are Project MBridge, Project Dunbar and Project Jura, which all involve the BIS Innovation Hub, a co-author of the report alongside the IMF and World Bank.
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