CBDCs could hugely improve cross-border payments – ECB’s Bindseil
“Holy grail” of secure, instant universal payments could be a reality in next 10 years, authors say
Instant, cheap, universal and securely settled cross-border payments could become a reality in the next decade, European Central Bank officials have said.
Central bank-issued digital currency combined with domestic payment systems could deliver this, Ulrich Bindseil and George Pantelopoulos argued in a paper published by the ECB.
“The holy grail of cross-border payments can be found within the next 10 years,” said Bindseil and Pantelopoulos in the paper. Emergent technologies, including work
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