Cross-border payments: Trial shows safe, fast settlements with distributed ledger technology
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- เผยแพร่เมื่อ 10 ก.พ. 2025
- A joint study by the Monetary Authority of Singapore (MAS) and the New York Federal Reserve shows that distributed ledger technology (DLT) can be used to improve the efficiency of cross-border payments. The study experimented with using central bank digital currencies to settle payments. MAS said they found that DLT can help settle cross-border payments safely without the need for a central clearing authority and can achieve this in close to real-time. It also allows transactions across multiple currency ledgers, while maintaining autonomy in each network. Alan Lim, Deputy Director and Division Head of the FinTech Infrastructure Office at MAS, shared more details.
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Why not people be their own banks and transact directly between each other via DLT?
De-centralization or peer-to-peer is much better than centralized control.
Can it be Sanction, Confiscation, Time-Limit "Spend or Expire", Tracking, Total Control because "Someone" don't like you?
Exactly. Never trust centralized control. Eventually all develop into Social Credit System.
If you Transact at a common denominator using Central CBDC, then why do you need Singapore Fintech? The bank and the ledgers are 2 distinct entities.
Why don't the 2 Big Authorities stand out to Indemnifies and guarantee safe harmless to user instead of the Startup Fintech? A and B Study but C speak? I have to laugh. And is having a office in MAS means he is a MAS Representative Spokesman, otherwise why bother to even mention?
How to avoid being seen as Bias and Conflict of Interest?
Goes to show that these days Trust Cannot be Simply Granted.