Doug: Create page - source - BIS - https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm

2024-07-24T22:24:39Z

Create page - source - BIS - https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm

← Older revision		Revision as of 22:24, 24 July 2024
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	{lowercase}''Cash management - treasury - banking - central bank digital currencies (CBDC) - cross-border remittances - multi-country arrangements.''		{{lowercase}}''Cash management - treasury - banking - central bank digital currencies (CBDC) - cross-border remittances - multi-country arrangements.''

	Project mBridge		Project mBridge is an exploration of a multi-central bank digital currency (CBDC) platform shared among participating central banks and commercial banks.

			It was initiated in 2021 as a collaboration between China, Thailand and the United Arab Emirates, originally named the "m-CBDC Bridge" project.


	(~~mCBDC or m-CBDC~~).		:<span style="color:#4B0082">'''''Significant potential to improve cross-border payments'''''</span>

			:"Project mBridge continues its development and has reached the minimum viable product (MVP) stage, while broadening its international reach...

	~~A multi-CBDC arrangement would be~~ a ~~joint agreement between countries to facilitate~~ more ~~efficient and lower-cost cross-border remittances, using CBDCs~~.		:The Saudi Central Bank is joining mBridge as a full participant. There are also now more than 26 observing members.


	~~For example~~, the ~~''mBridge'' or "m~~-CBDC ~~Bridge" project for collaboration initiated~~ in ~~2021 between China~~, ~~Thailand~~ and ~~the United Arab Emirates~~.		:The project aims to tackle some of the key inefficiencies in cross-border payments, including high costs, low speed and operational complexities.

			:It also addresses financial inclusion concerns, particularly in jurisdictions where correspondent banking (which connects countries to the global financial system) has been in retreat, causing additional costs and delays.


			:Multi-CBDC arrangements that connect different jurisdictions in a single common technical infrastructure offer significant potential to improve the current system and allow cross-border payments to be immediate, cheap and universally accessible with final settlement."

			:''Project mBridge reaches minimum viable product stage and invites further international participation - BIS - June 2024.''


	== See also ==		== See also ==
			* [[Bank for International Settlements]] (BIS)
			* [[Cash management]]
	* [[Central bank]]		* [[Central bank]]
	* [[Central bank digital currency]]		* [[Central bank digital currency]] (CBDC)
	* [[~~Crypto-assets]]~~		* [[Correspondent bank]]
	* [[Cryptocurrency]]
	* [[Currency]]		* [[Currency]]
	* [[Digital currency]]		* [[Digital currency]]
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	* [[e-money]]		* [[e-money]]
	* [[Fiat currency]]		* [[Fiat currency]]
			* [[Financial inclusion]]
			* [[Infrastructure]]
			* [[Jurisdiction]]
	* [[Libra]]		* [[Libra]]
			* [[Minimum viable product]] (MVP)
	* [[Money]]		* [[Money]]
	* [[Multi-CBDC arrangement]]		* [[Multi-CBDC arrangement]]
			* [[Platform]]
	* [[Sand Dollar]]		* [[Sand Dollar]]
			* [[Settlement]]
			* [[Treasury]]


			==Other resource==
			*[https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm Project mBridge reaches minimum viable product stage and invites further international participation - June 2024]

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:Financial_products_and_markets]]
			[[Category:Financial_risk_management]]
			[[Category:Risk_frameworks]]
			[[Category:The_business_context]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

Doug: Created page with "{lowercase}''Cash management - treasury - banking - central bank digital currencies (CBDC) - cross-border remittances - multi-country arrangements.'' Project mBridge (mCBDC or m-CBDC). A multi-CBDC arrangement would be a joint agreement between countries to facilitate more efficient and lower-cost cross-border remittances, using CBDCs. For example, the ''mBridge'' or "m-CBDC Bridge" project for collaboration initiated in 2021 between China, Thailand and the United..."

2024-07-24T20:47:02Z

Created page with "{lowercase}''Cash management - treasury - banking - central bank digital currencies (CBDC) - cross-border remittances - multi-country arrangements.'' Project mBridge (mCBDC or m-CBDC). A multi-CBDC arrangement would be a joint agreement between countries to facilitate more efficient and lower-cost cross-border remittances, using CBDCs. For example, the ''mBridge'' or "m-CBDC Bridge" project for collaboration initiated in 2021 between China, Thailand and the United..."

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{lowercase}''Cash management - treasury - banking - central bank digital currencies (CBDC) - cross-border remittances - multi-country arrangements.''

Project mBridge

(mCBDC or m-CBDC).

A multi-CBDC arrangement would be a joint agreement between countries to facilitate more efficient and lower-cost cross-border remittances, using CBDCs.

For example, the ''mBridge'' or "m-CBDC Bridge" project for collaboration initiated in 2021 between China, Thailand and the United Arab Emirates.

== See also ==
* [[Central bank]]
* [[Central bank digital currency]]
* [[Crypto-assets]]
* [[Cryptocurrency]]
* [[Currency]]
* [[Digital currency]]
* [[Distributed ledger]]
* [[e-krona]]
* [[e-money]]
* [[Fiat currency]]
* [[Libra]]
* [[Money]]
* [[Multi-CBDC arrangement]]
* [[Sand Dollar]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_risk_management]]
[[Category:Risk_frameworks]]
[[Category:The_business_context]]

MBridge - Revision history

Doug: Create page - source - BIS - https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm