mBridge seeks to serve as better cross-border payment solution

The mBridge project entered the Minimum Viable Product (MVP) stage recently. Surprise is that not only China's infrastructure players are building bridges, but also its central bank, which is building a bridge for digital currency.

The digital currency bridge, jointly initiated by the People's Bank of China's Digital Currency Institute, the Hong Kong Monetary Authority, the central banks of Thailand the United Arab Emirates, and the Bank for International Settlements, are serving as another cross-border payment solution.

Recently, the central bank of Saudi Arabia announced it had become a member of the mBridge project, and some analysts pointed out that this project will serve as a new solution for the diversification of global oil trade settlement. Want to know more? Straight ahead, hold on tight to Talking Business, let us take a look at the mBridge!