In a research report, the BISIH highlighted results achieved from four recent cross-border multiple CBDC platform pilot projects the BIS partook in with different central banks worldwide.
90% of 81 central banks are at various stages of development of a digital currency, according to a recently published survey conducted by the Bank for International Settlements.
Project Khokha 2 involved the country’s top banks, which experimented on a wCBDC for interbank payments settlement, but SARB says results are still inconclusive.
The Bank for International Settlements also partnered with South African and Malaysian central banks to develop the prototypes for an international settlement platform using multiple digital currencies.
The reserve banks in each country have teamed up to trial a new platform for enabling cross-border transfers denominated in a central bank digital currency.
