AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
CoinDesk Podcast Network
MARKETS DAILY: Featured Story | A CBDC Alternative to SWIFT?
Nov 12, 2023
Noelle Acheson, a contributor at Consensus Magazine, explores the potential disruption of the current system by the mBridge project, a CBDC alternative to SWIFT. The podcast also delves into the Enbridge project, a Chinese CBDC alternative, and its global economic implications.
11:33
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The M-Bridge project aims to disrupt the current global financial system by bypassing the US dollar-based system and potentially impacting international flows, trade agreements, and the power of sanctions.
- Enbridge, a joint venture involving central banks and the BIS, is testing the viability of CBDCs for cross-border trade and could signify a shift in power dynamics within the global financial system.
Deep dives
The M-Bridge Project: A CBDC Alternative to Swift
The M-Bridge project involves 23 central banks, including the BIS, and is designed to bypass the US dollar-based global financial system. It aims to become the first functioning blockchain-based payment platform involving official entities, potentially impacting international flows, trade agreements, and the power of sanctions. The project has global participation and could lead to regional alliances for a common payment platform.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode