BRICS Explores CBDC Links to Cut Cross Border Payment Costs

BRICS is examining ways to make cross-border payments cheaper through closer links between fast payment systems and central bank digital currencies (CBDCs). Reserve Bank of India Governor Sanjay Malhotra said the proposals remain under discussion, according to Reuters. Possible approaches include greater interoperability between members’ instant payment networks and connections between their respective CBDCs. The [...] The post BRICS Explores CBDC Links to Cut Cross Border Payment Costs appeared