BIS Announces Successful Completion Of CBDC For Cross-border Transactions

The world is gradually heading towards a cashless society such as CBDC making cash payments obsolete. When this happens, fiat currencies might no more be in use. So central banks are aggressively launching Central Bank Digital Currencies for easy virtual transactions.
Many countries are either in the process of developing their Central Bank Digital Currency (CBDC) or have already done so.
Moving forward for CBDC adoption in cross-border payments, the Bank of International Settlements (BIS) start