A new report from JPMorgan and Oliver Wyman argues that a multiple central bank digital currency (mCBDC) network could save global corporates $100 billion a year in cross-border transaction costs.
Part of the report is an analysis of the way that wholesale payments work across borders, a $24 trillion sector of the industry fraught with challenges and inefficiencies in which global corporates incur more than $120 billion in total transaction costs every year.
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