Multilateral cross-border Central Bank Digital Currency (CBDC) refers to a digital currency issued and backed by a central bank that is designed to facilitate transactions and payments across national borders in a collaborative and coordinated manner.
The concept of multilateral cross-border CBDC arises from the increasing need for more efficient and cost-effective methods of conducting international transactions. Currently, cross-border transactions often involve multiple intermediaries, complex processes, and can be subject to high fees and delays. Multilateral cross-border CBDCs aim to address these challenges by leveraging blockchain or distributed ledger technology to enable direct peer-to-peer transactions between participating central banks and financial institutions.
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DLTrust multilateral cross-border CBDC improves financial inclusion by providing access to digital financial services for underserved populations, including those in remote areas or lacking traditional banking infrastructure. DLTrust interoperability and connectivity blockchain facilitate cross-border transactions and seamless transfer of value, funds and settlement across borders on an unprecedented scale.Get Started