DO YOU KNOW #mBridge is a collaborative effort between the Bank for International Settlements (BIS) and several central banks to develop a platform for efficient cross-border payments using central bank digital currencies (CBDCs). It aims to address challenges in the current system, such as slow transaction speeds and high costs.
it isn't exactly a traditional payment gateway but rather a project focused on developing a common token CBDCs.
While it wouldn't directly deal with cryptocurrencies like Bitcoin or Ethereum, its success could pave the way for wider crypto adoption by demonstrating the potential of blockchain technology for international transactions. This could increase confidence and interest in cryptocurrencies as a whole.#BRICSCryptoRevolution #Swift
