Cross-Border CBDCs: mBridge, Agora, and the Others
摘要
In previous chapters, we have predominantly discussed the implications of introducing CBDCs within individual countries. However, the introduction of CBDCs has the potential to significantly disrupt global payment systems and, by extension, the global economic world order. While systems for currency conversions and payments across different jurisdictions have facilitated global trade for centuries, the rapid interlinking of trade and commerce in the wake of globalization has vastly increased the scale and volume of Cross-border payments. In recent decades, technology-enabled innovations have primarily shifted Cross-border payments into the realm of electronic transfers. With recent breakthroughs in Blockchain-based technologies and artificial intelligence, we are poised for a dramatic restructuring of the pipelines that allow institutional and Retail payments to keep flowing across the world.