The Bank for International Settlements is proposing a new payments system
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We’ve had a couple of threads where we’ve discussed this before.
This is a pilot study investigating how blockchain could facilitate cross-border payments of central bank digital currencies.
No central bank worth mentioning (i.e. US, China, EU) even has a CBDC.
The US and EU have said IF they issue a CBDC, it won’t use blockchain.
Reports of SWIFT’s death might be exaggerated.
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In less than 10 years blockchains won’t exist.
When Quantum chains appear they will disappear with each jump in Quantum computing’s robustness.
However, blockchain remains critical in other financial sectors, as security is a significant concern. According to blockchain security statistics, the technology faces ongoing challenges in maintaining security, especially in high-stakes financial systems. While blockchain may not be central to CBDCs, its vulnerabilities and potential still demand attention in future financial innovations.