Cross-border payment

On March 14, according to Juniper Research, the total annual value of transactions using the Central Bank Digital Currency (CBDC) will increase from US $100 million to US $213 billion in 2030. In addition, with the development of cross-border CBDC payment system, the proportion of domestic CBDC payment in the total transaction volume will decrease from “nearly 100% in the current pilot stage” in 2023 to 92%. The global CBDC transaction volume will reach US $213 billion by 2030 Analysis based on this information:According to a report by Juniper Research, the use of Central Bank Digital Currency (CBDC) is projected to increase significantly by 2030. From a mere US $100 million in 2020, the total annual value of transactions using CBDC is expected to reach US $213 billion. This substantial growth can be attributed to the increasing adoption of CBDC by consumers and businesses worldwide. The report also highlights the development of cross-border CBDC payment systems as a significant driving…

It is reported that Li Lihui, the former president of the Bank of China, said at the “2023 Qingdao Jinjialing Financial Talent Conference” on the 26th that the digital RMB is on the fast track of development, while the progress of legal digital currencies in major overseas economies is relatively slow. In terms of improving the cross-border payment environment, the digital RMB should strive to dominate, which is conducive to promoting the development of inclusive finance. Li Lihui: The digital RMB pilot is entering the fast lane Analysis based on this information:The former President of the Bank of China, Li Lihui, expressed his positive outlook on the fast-tracked development of China’s digital RMB during the “2023 Qingdao Jinjialing Financial Talent Conference” on the 26th. According to him, while major overseas economies have been slow in the progress of legal digital currencies, China’s digital RMB is paving the way for cross-border payments, a crucial aspect of improving the inclusive finance environment….

It is reported that Chen Maobo, the Secretary for Finance of the Hong Kong SAR Government, said in his speech on the 2023-2024 fiscal budget of the SAR Governm…

According to reports, Yang Wen, president of Swift China, said in an interview that CBDC was regarded as the next generation currency with great potential in c…