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	Podcast:		The OMFIF Podcast
	Episode:		Solving cross-border transactions with CBDCs’
	Category:		Business
	Duration:		00:30:02
	Publish Date:		2023-08-03 09:04:00
	Description:		Despite improvements in domestic payments, cross-border payments remain too slow and expensive for end users, particularly in emerging market economies. Daniel Nagy, business analyst, CBDC at Giesecke+Devrient, joins Lewis McLellan, editor of OMFIF’s Digital Monetary Institute, to discuss how central bank digital currencies might help address the challenges of the cross-border payments market. Daniel describes the workshops and discussions G+D has conducted with central banks on the challenges and opportunities of deploying a CBDC as a cross-border solution and explores some of the different approaches central banks are taking to the problem. He also sheds light on the potential macro-financial implications of cross-border CBDCs.
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