Sibos 2020: What percentage of cross-border payments could be made in CBDCs?
Delegates discussing central bank digital currencies (CBDCs) at Sibos 2020 agree that there is a long road ahead for global mass adoption to facilitate cross-border payments.
Cross Border Payments Conference
The Difference Between Ripple (XRP) and SWIFT for Cross Border Payments
Today’s video is going to be about The Difference Between Ripple (XRP) and SWIFT for Cross Border Payments.
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Central Banking Digital Currencies and The Future of Fiat
Click here to view the full transcript: https://bpi.com/wp-content/uploads/2022/09/2022-ANNUAL-CONFERENCE-CENTRAL-BANKING-DIGITAL-CURRENCIES-AND-THE-FUTURE-OF-FIAT.pdf
The exploration of digital currencies by central banks around the world, including the Federal Reserve Board, present a range of questions in terms of how, if adopted, CBDCs would likely affect banking and the economy. This panel convenes experts from industry, government, and academia to explore what a U.S. CBDC might look like, the design and policy choices that the Federal Reserve would have to navigate to implement a digital currency, and the overall implications for the banking and payments system.
Panelists:
Jordan Bleicher, Senior Advisor to the Under Secretary for Domestic Finance, U.S. Department of the Treasury
Duncan B. Douglass, Partner, Alston & Bird LLP
Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance at the Graduate School of Business, Stanford University
Randal K. Quarles, Chairman, The Cynosure Group
Jim Reuter, President and Chief Executive Officer, FirstBank Holding Company
Moderator: Bill Nelson, Executive Vice President and Chief Economist, Bank Policy Institute
Sibos 2021: CBDCs through the bankers’ lens – challenge or opportunity?
The emergence of central bank digital currencies (CBDCs) is gathering momentum around the globe, with more than half of the world’s central banks actively exploring their use. CBDCs could have profound implications for the global financial system that need to be thoroughly assessed and worked through – including the impact on commercial banks. Some CBDC models imply outright disintermediation of commercial banks, while others ensure they remain well intermediated and sometimes even stand to gain business benefits. Another rising topic of discussion today is CBDC interoperability – what would cross-border use of CBDCs in the future mean for correspondent banking? Join a panel of senior representatives from commercial banks and central banks to review these questions and more.