Project mBridge reaches minimum viable product stage
https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm
I think we can all work out which country is behind this P2P payment initiative with the project coming out of Hong Kong . Long term no more SWIFT hegemony and the global south will soon have an alternative coming out of the global south and not the west. Notice the support is from the BIS Innovation Hub Hong Kong Centre .
Choosing the CBDC Path: Between mBridge and SWIFT, Which Holds More Promise for Developing Countries?
https://moderndiplomacy.eu/2024/03/...-holds-more-promise-for-developing-countries/
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Currently five entities are jointly developing mBridge. They include the Hong Kong Monetary Authority (HKMA), the Bank of Thailand (BoT), the Central Bank of the United Arab Emirates (CBUAE), the Digital Currency Research Institute of the People's Bank of China (PBC DCI), and the BIS Innovation Hub Hong Kong Centre (BISIH Hong Kong Centre).
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