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FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research - Vimarsana News

FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research

Published: November 5, 2022

The Federal Reserve Bank of New York Innovation Center has completed the first phase of an experiment with wholesale central bank digital currency.

Source: cointelegraph.com
Related Topics:
New YorkUnited StatesMassachusetts Institute Of TechnologyMichelle NealYork Innovation CenterNy Fed Innovation CenterFederal Reserve BankMassachusetts Institute Of Technology Digital Currency InitiativeNy Fed Innovation Center Per Von ZelowitzNew York Innovation CenterProject CedarFederal ReserveInnovation Center PerInnovation CenterBoston FedProject HamiltonMassachusetts InstituteDigital Currency
N.Y. Fed: CBDC could make cross-border settlements faster, safer, more efficient - Vimarsana News

N.Y. Fed: CBDC could make cross-border settlements faster, safer, more efficient

Published: November 4, 2022

Bank-to-bank transactions that currently take two days could be settled in 10 seconds using central bank digital currencies and blockchain technology, the reserve bank finds.

Source: americanbanker.com
Related Topics:
New YorkUnited StatesMassachusetts Institute Of TechnologyLael BrainardChristopher WallerYork Innovation CenterFederal Reserve BankInternational Settlements Innovation HubNew York FedProject CedarYork FedNew York Innovation CenterInternational Settlements InnovationProject HamiltonMassachusetts InstituteBoston FedFed Vice Chair Lael BrainardPolitics And PolicyElectronic PaymentAb Policy Amp Regulation