Singapore/Australia/Malaysia/South Africa. Singapore, Australia amongst four central banks to test cross-border digital payments platform (Eileen Yu, ZDNet)

September 2, 2021

Four central banks are collaborating to develop and test a common platform on which to process cross-border digital payments. The initiative aims to bypass the need for intermediaries and, hence, slash the time and cost of such transactions.

The Monetary Authority of Singapore (MAS), Reserve Bank of Australia (RBA), Bank Negara Malaysia, and South African Reserve Bank on Thursday said in a joint statement that they were working to build and test the use of central bank digital currencies (CBDCs) for international transactions.

Singapore, Australia amongst four central banks to test cross-border digital payments platform | ZDNet

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

Singapore/Australia/Malaysia/South Africa. Singapore, Australia amongst four central banks to test cross-border digital payments platform (Eileen Yu, ZDNet)

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