/biz/ - Business & Finance

>>55241826
Fuck this market, I'm leaving work early and going home to drink beer and grill burgers.

>>54937647
Kek

>>54518829
https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm
Multiple CBDC (multi-CBDC) arrangements that directly connect jurisdictional digital currencies in a single common technical infrastructure offer significant potential to improve the current system and allow cross-border payments to be immediate, cheap and universally accessible with secure settlement.

The BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, the Bank of Thailand, the Digital Currency Institute of the People's Bank of China and the Central Bank of the United Arab Emirates are working together to build such a multi-CBDC platform, known as mBridge.
>tldr it's what will go live (or one piece of what will go live, or a small controlled version of the system that will go live) when David FLIPS DA SWITCH

https://www.bis.org/publ/othp40.htm
>Inthanon-LionRock to mBridge: Building a multi CBDC platform for international payments
https://www.bis.org/publ/bppdf/bispap115.htm
>Multi-CBDC arrangements and the future of cross-border payments
>Cross-border payments are inefficient, and technology could play a role in making them better. One means could be through interoperating central bank digital currencies (CBDCs), forming multi-CBDC (mCBDC) arrangements.
https://www.bis.org/press/p210223.htm
>Central banks of China and United Arab Emirates join digital currency project for cross-border payments (february 2021)
>Multi-CBDC prototype shows potential for reducing costs and speeding up cross-border payments
https://www.bis.org/press/p210928.htm
(September 2021)

there has to be a system of paths and canals connecting the CBDC walled gardens, i believe this is what mBridge is envisioning, mapping out and testing in a limited and controlled manner. the key word that pops out is "interoperability" (i.e. it won't all run on XRPL but will probably play a role considering Ripple's partnerships with all of the entities listed as well as its obvious technological superiority)

TOTAL SOCIETAL DEATH

The market will never go up again

Shemitah

Interesting