Cross-Border Payments and the Potential of Central Bank Digital Currencies (CBDCs)
Introduction Cross-border payments are an integral part of the global economy, facilitating trade, remittances, and financial transactions between countries. The advent of digital currencies, especially Central Bank Digital Currencies (CBDCs), has the potential to revolutionize cross-border payments. In this article, we will explore the potential impact of CBDCs on cross-border payments, including benefits, challenges, and…