CurrencyNet proudly presented its groundbreaking Cross-Border Central Bank Digital Currency (CBDC) solution at the prestigious G20 TechSprint, highlighting BRICS currencies as viable mediums for global trade settlement. The Continuous Remittance Platform (CRP), developed by CurrencyNet, uniquely enables seamless interconvertibility among CBDCs issued by BRICS nations, significantly simplifying cross-border transactions.
At the event, CurrencyNet demonstrated how CRP empowers central banks and commercial institutions by providing continuous, real-time remittance services between CBDCs. The solution promotes BRICS currencies as direct trading mediums, reducing dependency on traditional reserve currencies and fostering greater economic integration among emerging markets.
CurrencyNet CEO, Animesh Ghosh, emphasized the solution’s revolutionary impact, stating, “Our CRP platform delivers unmatched interoperability and scalability, enabling central banks to leverage BRICS currencies effectively for global trade.” The solution integrates state-of-the-art quantum-safe encryption and advanced settlement mechanisms, ensuring secure and transparent transactions.
Selected for its innovation and scalability, CurrencyNet’s solution aligns seamlessly with G20’s vision of modernizing global payments infrastructure. By facilitating interconvertibility among BRICS-issued CBDCs, CRP positions CurrencyNet at the forefront of financial innovation, shaping the future of international payments.
Explore more about the G20 TechSprint initiative here.
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