Cbdc: Das flags slow cross-border payments, bats for CBDC use
MUMBAI: RBI governor Shaktikanta Das has flagged concerns over high-cost & slow cross-border payments, and said that central bank digital currencies (CBDCs) can make such payments cheaper, faster and more secure. He added that using local currency for cross-border payments can shield emerging economies from global shocks.“Cross-border payments can be made more efficient through adoption … Read more