Odaily Planet Daily News Swift announced that three central banks are conducting beta testing of their CBDC interoperability project, which aims to enable CBDC to be used for cross-border payments. According to recent updates, three major central banks, including the Hong Kong Monetary Authority and the Central Bank of Kazakhstan, are integrating the solution with their own CBDC infrastructure.
Swift also added: “We have also launched a second phase of sandbox testing, in which commercial banks, central banks and financial market infrastructure are exploring additional use cases, including triggered payments for digital trade platforms, FX models, cash on delivery and liquidity. sex-saving mechanism,”
According to the announcement, the second phase involves more than 30 institutions including the Reserve Bank of Australia, the Deutsche Bundesbank, the Monetary Authority, and the Bank of Thailand. (The Block)