1Introduction
Many countries have domestic instant payments, but bilateral links are costly and slow. Project Nexus proposes that each system connects once to a common network to reach all participating countries.
2Discussion
The goal is cross-border payments almost as easy as domestic ones: fast, with transparent fees and the exchange rate shown upfront.
3Conclusion
After its experimental phase, Nexus is moving towards implementation with several Asian central banks. It supports the G20 roadmap goals for cheaper, faster cross-border payments.
Sources
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
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