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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments.

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How Swift is moving the global financial industry towards instant and frictionless payments

The Payments Association

The UKs roadmap to faster, more efficient payments A key area of focus outlined in the National Payments Vision is enabling interoperability between domestic and international systems, supported by the adoption of ISO 20022 messaging standards while ensuring the security of the UKs payment systems.

SWIFT 88
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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Additionally, integration challenges were resolved through the adoption of interoperability standards like ISO 20022, enabling compatibility with both domestic and international financial market infrastructures. Following the success of the Immediate State, the Intermediate State phase will expand digital asset use cases.

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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. Digital dollars are a maybe – but if so, not for a while.

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12 Years Ago: The First nexo Standards Transaction, a Milestone for European Payments

Finextra

The initial protocols were refined, expanded, and formalized into a globally recognized suite of ISO 20022-based standards. Initiatives are also exploring Instant Payment use cases based on nexo frameworks. Work is actively underway to integrate Instant Payments use cases.

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How are digital IDs reshaping industries for a secure and seamless future?

The Payments Association

Airlines already have mobile boarding passes generated at check-in to expedite boarding, and some work has been done within the airline mobile application; United is a good example use case, eliminating a traditional ID requirement at check-in including baggage. Previously, these exchanges relied on in-person verification.

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U.S. Faster Payments Council Explores the Practicalities of Cross-Border Payments in a Faster Payments World

Fintech Finance

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.