Bridging the way to a multi-CBDC world: Daniel Eidan of the Bank for International Settlements

Also known as "the central bank of banks," the Bank for International Settlements (BIS) has been guiding and influencing the world's largest financial institutions for decades. Their new innovation hub has taken a central role in exploring new technologies, #CBDCs among them, that bring "benefits that can lead to faster, cheaper and more transparent payments across borders." However, the BIS notes that "questions remain unanswered related to policy considerations, legal and regulatory frameworks, and basic operational economics that might call into question the viability of multi-CBDC platforms.”  Join Money2020's Micky Tesfaye and Daniel Eidan, Advisor & Solution Architect at the Bank for International Settlements' Innovation Hub, as we discuss the BIS' ongoing work with central banks to address pain points unique to cross-border payments, the role of bridge currencies and digital assets, regulations and regional challenges, and much more. Disclaimer: Converge is Convera’s new podcast that discusses a range of financial services topics. We want to remind our listeners that the information shared on this podcast is for informational purposes only and should not be considered financial advice. Please note that the opinions expressed on Converge are solely the opinions of the host and the guests, not Convera’s.