Banking services for international settlement: Once different regions have worked well, CBDCs can be used to improve cross-border payments.

According to CoinDesk, the Bank for International Financial Transactions (BIS) said central banks should pay more attention to the use of cross-border currency in digital central banks (CBDCs) rather than focusing on domestic applications. In a statement released Friday by the Bank for the international conference, the impact of CBDCs across borders, but the bank has paid for home applications. The report concludes that "the CBDC can be used to improve cross-border payments" if the operations of the CBDC in other areas are well coordinated. The Bank for International Settlements says partnerships can take many forms. This can include different models of CBDCs for entering into a joint venture or establishing an international payment platform. In addition, the deployment of CBDCs at different rates in different regions, a combination of CBDCs and existing payments must be made.