The Impact of Central Bank Digital Currency on Payments Competition
Over 90 percent of surveyed central banks are engaged in some form of CBDC work, with more than half involved in experiments or pilot projects.
Central bank · IS · 3 documents
Over 90 percent of surveyed central banks are engaged in some form of CBDC work, with more than half involved in experiments or pilot projects.
The framework analyzes cross-border retail CBDC payments across 5 core elements: access, communication, currency conversion, compliance, and settlement.
Central banks must develop a long-term vision for monetary and payment systems spanning a time horizon of at least 5 to 10 years as economic digitalization accelerates.