Interbank payments are financial transactions conducted between different banking institutions. These transactions facilitate the movement of funds across the traditional financial system, enabling settlement between banks for their clients’ transactions. Understanding interbank payment systems provides context for how fiat currencies are managed globally.
Context
The current discussion around interbank payments frequently involves the exploration of how blockchain technology and stablecoins could potentially disrupt or enhance existing infrastructure. Debates often center on speed, cost, and cross-border efficiency compared to traditional methods like SWIFT. Future developments are likely to involve greater integration of digital ledger technology into wholesale payment systems.
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