With 18 of the G20 countries far along in developing their own CBDCs, commercial banks and non-bank fintechs can no longer ignore the disruption that is on the horizon. The adoption of CBDCs will bring both opportunities and competition to established and digital-native payment players. OpenWay’s report will shed light on the role fintechs might play in this emerging financial ecosystem, and answer some key questions:
- What are CBDCs, and why are governments are rushing to roll them out?
- Why are CBDCs, cryptocurrency, and blockchain often mentioned together?
- How are fintechs and commercial banks already involved in CBDCs?
- What will multi-CBDC platforms mean for cross-border transactions?
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OpenWay is the only best-in-class provider of digital payment software solutions, and the best cloud payment systems provider as rated by Gartner, Omdia, Aite, and PayTech. Its Way4 platform is selected by Tier 1 and 2 banks and processors, as well as ambitious fintech startups. Among them are Finaro, Nexi, Payoneer, Worldline, and other leading payment players across the globe. Way4 innovations support card issuing, A2A payments, e-commerce and POS acquiring, digital wallets and payment switching.