Real-Time Global CBDC Networks: Pipedream or Global Payments Reality?

Nearly every day, it seems, some new scheme arises that’s aiming to replace or disrupt the existing global financial services system.

Online payment platforms like PayPal begat cryptocurrencies which begat stablecoins which begat central bank digital currencies (CBDCs), and now, per a recent PYMNTS report, CBDCs are begetting a Universal Digital Payments Network (UDPN) designed to translate real-time payment speed and minimal processing fees to international financial transactions that may one day use central bank-issued digital fiat.