Today news
About the same in other media
JPMorgan estimates CBDCs could save corporates £100 billion in transaction costs
Reading now: 852
finextra.comreport estimates that of the nearly $24 trillion in wholesale payments that moved across borders via the correspondent banking network each year, global corporates incur more than $120 billion in total transaction costs; this excludes potential hidden costs in trapped liquidity and delayed settlements.Jason Ekberg, partner, corporate and institutional banking at Oliver Wyman, states: “The case for CBDCs to address pain points in cross-border payments is very compelling.
The bulk of today’s wholesale cross-border payments process remains sub-optimal due to multiple intermediaries between the sending and receiving banks, often resulting in high transaction costs, long settlement times, and lack of transparency on the status of the
. Read more on finextra.comAbout this in other media
Next generation of crypto millionaires: SHIB allows warehouse manager to retire cointelegraph.com /2 years ago
Shiba Inu dog, that inspired "Doge" meme and Dogecoin, turns 16 moneycontrol.com /2 years ago
Shiba Inu dog, that inspited "Doge" meme and Dogecoin, turns 16 moneycontrol.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
