The president of the International Monetary Fund indicated that they seek “interoperability” between countries that use central bank digital currencies.
The IMF is working on creating a global platform for CBDCs. This was confirmed by the president of the International Monetary Fund, who indicated that they seek “interoperability” between countries that use central bank digital currencies.
so he said georgieva during a conference held in Rabat, Morocco. According to the official, there must be “interoperability” between the countries that will use CBDCs in order to comply with their international commitments.
According to the head of the IMF, CBDCs “must not be fragmented national propositions”. The entity’s search is for there to be “more efficient and fair” transactions, and for this, digital payment systems capable of connecting countries are needed.
Regarding what will happen if a common agreement for CBDCs that allows global interoperability is not reached, and a common platform for its usability is not created, there will be a void “that would probably be filled by cryptocurrencies.”
It should be noted that one CBDC by its acronym in English (Central Bank Digital Currency), is a new form of money issued electronically by a central bank. Unlike cryptocurrencies that are decentralized, here there is an entity that regulates its issuance and operation as happens with fiat currencies.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
