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CBDCs may be important in making cross-border payments cheaper, faster: RBI Guv Shaktikanta Das
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Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted the need for bringing in solutions to tackle the key challenges to existing cross border payments including high cost, low speed, limited access and insufficient transparency.
To this, the governor of India's central bank suggested that Central Bank Digital Currency (CBDC) can play an important role in making cross-border payments cheaper, faster and more secure.
«Faster, cheaper, more transparent, and more inclusive cross-border payment services would deliver widespread benefits to people and economies worldwide.
It would also support economic growth, international trade and financial inclusion,» Das said at TechSprint Finale in Mumbai.
(More to come)
About this in other media
RBI Governor Touts CBDC as Solution to 'High Cost, Low Speed' Cross-Border Payments cryptonews.com /8 months ago
Cross-border payments can be made efficient via CBDCs: Das livemint.com /8 months ago
RBI Governor Shaktikanta Das rated ‘A+’ in Global Finance Central Banker Report 2023 livemint.com /8 months ago
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