Direct exchanges between digital currencies, CBDCs cut down on the high conversion costs associated with traditional trade. The transparency inherent in CBDCs also simplifies compliance with regulations like anti-money laundering (AML) and know-your-customer (KYC) norms, reducing the risk of fraud, disputes, or delays.
Traditional cross-border payments incur transaction fees ranging between 5-7% of the transaction value. These costs arise from intermediary fees (like correspondent banks), currency conversion charges, and compliance expenses (AML/KYC). CBDCs can reduce these costs to as low as 1-2% by eliminating intermediary banks, enabling direct currency exchange between nations using interoperable CBDC platforms, and reducing delays and associated costs through real-time settlements.
For instance, the Bank for International Settlements (BIS) reports that integrating CBDCs could cut cross-border payment costs by up to 50-75%, depending on the system's adoption scale.
この記事は Financial Express Ahmedabad の December 10, 2024 版に掲載されています。
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この記事は Financial Express Ahmedabad の December 10, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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