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You could expect SWIFT initiatives with CBDC’s earlier sooner than later. SWIFT is already one of the major suppliers for international payments, besides the card schemes. SWIFT is also used by many central banks in their existing digital currency systems, known as RTGS. SWIFT will now also collaborate with Capgemini to start experiments with cross border CBDC transactions. Now just wait and see how fast Mastercard and VISA will follow.

Read the announcement on the website of SWIFT.

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