#central-bank-digital-currency

Payments & Wallets

BIS Prototype: Tokenization Slashes Wholesale Cross-Border Payments

Wholesale cross-border payments could be on the cusp of a radical transformation. A BIS-led project has just demonstrated that tokenization isn't just hype—it's a viable solution to the system's entrenched inefficiencies.

Payments & Wallets

Digital Euro Faces Bank Revolt Over Cash Flight

The European Central Bank's ambition for a digital euro is hitting a wall. Big banks are sounding the alarm, worried that their customers will ditch traditional accounts for a direct ECB digital wallet, a move that could destabilize the existing financial system.