Connecting Digital Islands Swift CBDC sandbox project (Phase 2: ⭕️ Trade Payments. ⭕️ Foreign #Exchange. ⭕️ Delivery- versus- Payment( DvP). ⭕️ liquidity Saving Mechanism. #fintech #cbdc #sandbox #payments #isapexchange Source: #Swift.
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Senior SAP Finance Control Consultant bei ISAP Solutions FZE. Blockchain | Wallet | NFT | DeFi | Metaverse |
Connecting Digital Islands Swift CBDC sandbox project (Phase 2: ⭕️ Trade Payments. ⭕️ Foreign #Exchange. ⭕️ Delivery- versus- Payment( DvP). ⭕️ liquidity Saving Mechanism. #fintech #cbdc #sandbox #payments #isapexchange Source: #Swift.
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Managing Director at Swift | Payments | FinTech | Strategy | Digital Transformation | Non-Executive Board Member | Ex-McKinsey | Ex-Amazon
Connecting digital islands… 🤔 What does it mean and why it matters? -#CBDCs will be expected to be part of our lives in a nearby future. 130+ countries representing 98% of global GDP are exploring launching their own digital currency. - A CBDC will enable to pay within a given country, but what about the international transactions? Economies would remain isolated if not connected to the current #paymentinfrastructures and not able to interoperate with each other. - To make it even more difficult, different #centralbanks are planning to use different #technologies and #standards to build their digital currencies … 💡 Swift has created a #CBDCconnector that enables to interoperate payments for international trade and FX, among other complex use cases. 38 financial institutions are experimenting in our #sandbox, in what to date is the largest known CBDC #collaboration. More details 👇 https://lnkd.in/ddKY-ggP #digitalpayments #financialcommunity #innovation #swift
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CIO | Digital Transformation Specialist | FinTech | Banking | Product/Project Manager | Product Design Mentor | Blockchain Enthusiast
Unlocking the Potential of a CBDC Ecosystem Report Link: https://lnkd.in/gpQGWEE8 The report highlights how CBDCs could rework the financial panorama by enhancing security, promoting #financial inclusion, and enabling innovative business models through programmability. It emphasizes the importance of collaboration between central banks and private sector stakeholders to build a thriving CBDC ecosystem. Key takeaways include: - Programmable #Payments: Unlocking new functionalities for businesses and consumers. - Enhanced Security: Robust measures to protect #transactions and user #data. - Cross-Border Efficiency: Improving international trade through seamless transactions. As we continue to explore the digital currency frontier, this report underscores the vital roles that diverse players will have in shaping the future of finance. Thank you Giesecke+Devrient and OMFIF Digital Monetary Institute #CBDC #digitalcurrency #fintech #innovation #OMFIF
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🌍 How CBDCs Could Shape Global Investment Strategies? The rise of Central Bank Digital Currencies (CBDCs) is set to transform the fintech landscape. With countries like Switzerland and Hong Kong exploring their own digital currencies, here’s how it could impact investment strategy: 💧 Increased Market Liquidity: CBDCs promise smoother, more efficient transactions, potentially lowering costs and enhancing market liquidity. 🏦 New Opportunities: Expect new investment products and fintech innovations driven by CBDC adoption. ⚖️ Regulatory Changes: Keep an eye on evolving regulations around digital assets as CBDCs become mainstream. 🌍 Global Inclusion: CBDCs could drive financial inclusion, opening up new market possibilities. #Fintech #CBDC
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Unlocking the Potential of a CBDC Ecosystem Report Link: https://lnkd.in/gpQGWEE8 The report highlights how CBDCs could rework the financial panorama by enhancing security, promoting Hashtag #financial inclusion, and enabling innovative business models through programmability. It emphasizes the importance of collaboration between central banks and private sector stakeholders to build a thriving CBDC ecosystem. Key takeaways include: - Programmable Hashtag #Payments: Unlocking new functionalities for businesses and consumers. - Enhanced Security: Robust measures to protect Hashtag #transactions and user Hashtag #data. - Cross-Border Efficiency: Improving international trade through seamless transactions. As we continue to explore the digital currency frontier, this report underscores the vital roles that diverse players will have in shaping the future of finance. Thank you Giesecke+Devrient and OMFIF Digital Monetary Institute #CBDC #digitalcurrency #fintech #innovation #OMFIF
CIO | Digital Transformation Specialist | FinTech | Banking | Product/Project Manager | Product Design Mentor | Blockchain Enthusiast
Unlocking the Potential of a CBDC Ecosystem Report Link: https://lnkd.in/gpQGWEE8 The report highlights how CBDCs could rework the financial panorama by enhancing security, promoting #financial inclusion, and enabling innovative business models through programmability. It emphasizes the importance of collaboration between central banks and private sector stakeholders to build a thriving CBDC ecosystem. Key takeaways include: - Programmable #Payments: Unlocking new functionalities for businesses and consumers. - Enhanced Security: Robust measures to protect #transactions and user #data. - Cross-Border Efficiency: Improving international trade through seamless transactions. As we continue to explore the digital currency frontier, this report underscores the vital roles that diverse players will have in shaping the future of finance. Thank you Giesecke+Devrient and OMFIF Digital Monetary Institute #CBDC #digitalcurrency #fintech #innovation #OMFIF
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💥🌍 EMERGING TECHNOLOGIES UPDATE💥🌍 Swift Imagine a world where your money moves across borders as swiftly as your messages. Swift’s tests are painting that picture, turning the dream of instant global payments into tomorrow’s reality. 🌐✨ 🔑 **Key Takeaways: - Swift's latest tests demonstrate a seamless introduction of CBDCs for cross-border transactions. #CBDC #DigitalFinance - 38 global institutions collaborated in sandbox testing, revealing new use cases across digital trade, securities, and foreign exchange. #GlobalFinance #Innovation - The interlinking solution could revolutionize how financial institutions incorporate CBDCs into everyday business, fostering efficiency and growth. #FinancialTechnology #Growth 🌟 **Highlights: - Swift's connector enables transactions using CBDCs and other digital tokens. #DigitalCurrency #Transaction - 750 transactions carried out, proving the system's robustness. #Fintech #Reliability - Potential for 24/7 automated trade flows, thanks to smart contracts and event-driven programming. #SmartContracts #Automation 🔍 **In-Depth Insights: - Interoperability is key to overcoming the risk of fragmentation in digital currency development. #Interoperability #DigitalEconomy - Swift's solution connects CBDCs on different networks with fiat currencies, ensuring smooth cross-border transfers. #CrossBorderPayments #Swift Swift's pioneering efforts are paving the way for a digitally integrated financial future. With such promising results, we're on the brink of witnessing a revolution in global payments. 💥🌍 #EmergingTechnologies #DigitalCurrency #Innovation #Swift #CBDC #Fintech #GlobalPayments #FinancialInclusion #Blockchain #Cryptocurrency https://lnkd.in/e3W5Hns2
Swift tests show cross-border digital currency potential
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