by Jake ClaverMojaloop, CBDC interoperability, and ERC-20: rebuilding the cross-border payment rail
Mojaloop, CBDC interoperability, and ERC-20 sit at the center of how cross-border payments settle. Every part of it traces back to a named, primary source.
The Rail Behind The Headline
This material connects the ecosystem to payment rails and cross-border transaction flows. Supporting material comes from the Mojaloop CBDC CoE use-case assessment and the Mojaloop CBDC Center of Excellence. World Bank CBDC interoperability PDF, a research document from the organizations involved, states it directly:
> Mojaloop Foundation • 401 Edgewater Place • Suite 600 • Wakefield, MA 01880 • mojaloop.io 5 Use Case 3 The Focus Group saw significant potential in use case 3 – the use of wholesale CBDC for settlement of cross-border transactions. This potential arose from the friction that currently exists in cross border transactions, giving rise to an opportunity for a new approach. Three possible refinements to use case 3 were explored: 1.
What This Means For Market Infrastructure
What it changes for the broader institutional payments and tokenization stack: payments infrastructure is a repeat-use case that can create ongoing demand for reliable networks and settlement assets. The broader research trail also includes the BIS CBDC Innovation Hub topic page, the BIS using CBDCs across borders experiments PDF, and the BIS Project Nexus page.
From The Source
