BOJ Wants to Set ‘Common Rules’ on CBDCs With Major Central Banks: Report
The BoJ says a set of common rules would lay the groundwork for efficient cross-border payments.
Central banks are focusing on domestic CBDC use, even though the implications go beyond borders.
The banks include Citi, Bank of China, BNP Paribas and Deutsche Bank.
The service might be seen as a possible threat to the real-time payments network offered by Ripple.
Six Clovers is using regulated stablecoins like USDC.
The platform, to be dubbed “Partior,” will seek to disrupt the traditional payments model and the common pain points that come with it.