CBDCs must be interoperable – Swift and Accenture paper

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Interoperability will be the key to the success of central bank digital currencies (CBDCs), according to a new report published by global payment services provider Swift and consultancy Accenture.

The paper, which explores how CBDCs would work within an international context, concludes that there is “little advantage in reinventing the wheel”.

“The smart approach will be to build new solutions where needed and pragmatically combine them with existing solutions to derive maximum benefit,” the

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