Competitor to SWIFT

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.