Hong Kong and Thailand Pilot DLT-Based Project for Cross-Border Payments

in dlike •  last month

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Central banks in Hong Kong and Thailand piloted the CBDC project in Corda for cross-border payments, for example, payers could settle direct and immediate payments with their CBDC contributions on the DLT network instead of using RTGS intermediaries, including banks that included multiple debit and credit accounts. The infrastructure of these direct payments also avoids double spending on temporary transaction orders

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