4.8 • 653 Ratings
🗓️ 13 October 2022
⏱️ 23 minutes
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0:00.0 | Welcome back to New World next week. I'm James Corbett at Corporate Report.com. |
0:13.8 | And I'm James Evan Palado for Mediamonarchy.com. A private company now gets to decide to take your money if you say something they disagree with. |
0:21.4 | We've got that story, plus quietly lowering fluoride levels, but first, groundbreaking |
0:27.2 | swift innovation paves the way for the global use of CBDCs. |
0:32.5 | They are coming. |
0:34.2 | Swift, the Society for Worldwide Interbank Financial Telecommunication has successfully shown that CBDC's |
0:41.3 | Central Bank Digital Currencies and tokenized assets can move seamlessly on existing financial infrastructure, |
0:48.4 | and that's a major milestone towards enabling their smooth integration into the international financial ecosystem. |
0:56.0 | The findings from two separate experiments solved the significant challenge of interoperability |
1:01.7 | and cross-border transactions by bridging between different – stay with me here, |
1:07.2 | distributed ledger technology, DLT networks, and existing payment systems allowing |
1:12.0 | digital currencies and assets to flow smoothly alongside and interact with their traditional |
1:17.7 | counterparts. The important step forward builds on SWIF's core capabilities and means that |
1:23.2 | CBDCs and tokens develop, that they develop, they can be rapidly deployed at scale to facilitate |
1:29.9 | trade and investment between more than 200 countries and territories around the world. |
1:34.7 | Breakthrough solves major, this is the takeaway. |
1:37.9 | Breakthrough solves major challenge in digital ecosystem development. |
1:41.4 | Shows how digital currencies could be used across borders by existing |
1:45.2 | financial infrastructure, and they say 14 central and commercial banks are already testing new |
1:50.6 | CBDC solutions. |
1:52.7 | Call it connecting digital islands, paving the way for the global use of CBDCs and tokenized |
1:59.1 | assets. |
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