ContextAddress by Agustín Carstens, General Manager of the BIS, to the Reserve Bank of India Global Conference on "Digital Public Infrastructure and Emerging Technologies", 27 August 2024.
Why it mattersThe BIS head proposes linking fast payment systems and using tokenised deposits.
Problems raised
Cross-border payments are a pain point.
They are slow and costly.
Systems are not integrated.
Solutions proposed
Link fast payment systems.
Use tokenised deposits and wholesale central bank money.
