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The Banque de France is seeking applications “to experiment with a central bank digital currency for interbanksettlements,” according to an announcement from the French central bank. Bitget, which was started in 2018, offers institutional and retail investors digital currency trading services.
Market Growth : BNPL saw a 400% increase in usage globally since 2018 and is expected to grow 17% annually through 2028. Wholesale CBDCs focus on interbanksettlements, enhancing security and efficiency in large transactions between financial institutions.
Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. billion in 2018 to $26.9 billion in 2018 to $26.9 That share rose to 62 percent in 2018, according to the Mercator Advisory Group’s “U.S. billion by 2023 — a CAGR of 30.9
(The Paypers) Nigerian InterbankSettlement System (NIBSS) has indicated that Nigeria’s e-payment services recorded transactions worth NGN 56.85 trillion in 2018.
Separately, a number of retailers, among them giants Target and Walmart, have requested that the Federal Reserve create a real-time interbanksettlement system. Industry specs are slated to be finalized for the pre-validation service by the end of 2018, and the pilot is slated to start early next year.
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