Int’l Experiment Proposes Cross-Border Retail CBDC Run as Two Domestic Payments
<p>The Bank for International Settlement (BIS) and its partners, the central banks of Israel, Norway and Sweden have completed their joint experiment on cross-border retail central bank digital currency (CBDC). The experiment was tagged ‘Project Icebreaker.’ Retail CBDC are government-backed digital currencies used for payment purposes by consumers and businesses.</p><p>The experiment, which studied the potential advantages and challenges of using […]