Project Icebreaker: Bank of Israel teams with central banks of Norway, Sweden on central bank digital currency trials

Good news! Let's break the ice on digital currencies! 😊🥂

"The Bank for International Settlements (BIS) and the central banks of Israel, Norway and Sweden are launching Project Icebreaker, a joint exploration of how central bank digital currencies (CBDCs) can be used for international retail and remittance payments.

Cross-border payments are an Achilles heel of the international banking system, which are plagued by high costs, low speed, limited access and insufficient transparency. ..."

Bank of Israel teams with Norway, Sweden on digital currency trials - Globes Project Icebreaker is a joint exploration of how central bank digital currencies (CBDCs) can be used for international retail and remittance payments.