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On August 23, Singapore Financial Institutions and Singapore Financial Institutions (MAS) pledged to attempt to streamline global commerce by changing the way money crosses the border using the central bank's digital currency modeled after the Bitcoin. Once completed, we can work with the Treasury and the International Settlement Central Bank Consortium to reduce costs in areas where even the lowest income citizens can participate in the global economy. . To complete this upgrade, Financial Institutions and International Financial Institutions launched in July a new concept called “Project Dunbar” to create a platform for businesses. The central bank uses the Central Bank Digital Currency (CBDC). - Border transfers. (Forbes.com)