WebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Facebook X (Twitter) LinkedIn Telegram
WebsCryptoWebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Bitcoin (BTC) $26,255.03 0.06%Ethereum (ETH) $1,593.60 0.25%BNB (BNB) $212.90 0.57%XRP (XRP) $0.497843 0.45%Cardano (ADA) $0.245073 0.19%Solana (SOL) $18.97 1.88%Dogecoin (DOGE) $0.060601 0.44%Polkadot (DOT) $4.00 0.94%Shiba Inu (SHIB) $0.000007 1.35%Dai (DAI) $0.999684 0.07%TRON (TRX) $0.084825 0.27%Polygon (MATIC) $0.50895 2.18%Avalanche (AVAX) $9.03 0.47%Uniswap (UNI) $4.29 0.03%Litecoin (LTC) $63.78 0.92%
Crypto Prices
WebsCrypto
Business

IMF: New Global CBDC Platform Could Lower Payment Costs

By WebsCryptoSeptember 2, 20221 Min Read
IMF: New Global CBDC Platform Could Lower Payment Costs
Share
Facebook Twitter Telegram LinkedIn Reddit Email

On Thursday, IMF staff called for a global platform for cross-border payments and renewed calls for regulation of the crypto industry, which officials say is unstable, inefficient and riddled with fraud.

The international organization dedicated its quarterly journal, Finance & Development, to the monetary revolution.

Advertisements

Tobias Adrian, director of the IMF’s Monetary and Capital Markets Department, wants the IMF to develop a new system to cut the cost of international transfers.

Adrian said the platform will accept CBDC payments, hold them in escrow and issue tokens for those payments.

Related News:
  • Worldcoin Shatters Records in Argentina as Circle Expands USDC Footprint to Chile

The private sector will be able to expand the usefulness of the platform by writing smart contracts, and has pledged to provide more papers on how the world’s central banks can collaborate on the project.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
CBDC Regulation SEC
WebsCrypto
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

WebsCrypto is your best bet for the latest crypto news from around the world.

Recommended Reading

Markets September 25, 2023

Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn

Markets September 25, 2023

NFT Market Faces Significant Decline Amidst Broader Crypto Challenges

Business September 24, 2023

Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures

News September 22, 2023

Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline

Markets September 22, 2023

Bitcoin and Ethereum Navigate Volatile Waters Ahead of FOMC Decision

Business September 22, 2023

PayPal Brings PYUSD Stablecoin to Venmo

The Latest
Markets September 25, 2023

Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn

Markets September 25, 2023

NFT Market Faces Significant Decline Amidst Broader Crypto Challenges

Business September 24, 2023

Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures

News September 22, 2023

Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline

Markets September 22, 2023

Federal Reserve Holds Steady on Interest Rates; Bitcoin Maintains Support at $27,000

EDITOR’S CHOICE
Ether (ETH) Prices are Trading at 27% Discount to Fair Value, New Research Shows
Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline
Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn
Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures
News
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Markets
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Price Indexes
  • Market Cap
  • Bitcoin Price
  • Ethereum Price
  • Cardano Price
  • Solana Price
  • Polkadot Price
  • Polygon Price
Services
  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Service
WebsCrypto
X (Twitter) Facebook Telegram LinkedIn RSS
© 2023 WebsCrypto

Type above and press Enter to search. Press Esc to cancel.