CBDCs could save corporates £100bn, says JPMorgan 

JPMorgan has estimated that central bank digital currencies could help corporates save £100bn in transaction costs.

In Brief:

The estimate is in reference to a “full-scale multiple central bank digital currency (mCBDC)”. 

 A report from JPMorgan and Oliver Wyman says that of nearly $24trn wholesale payments that moves across borders through correspondent banking last year, global corporates incur over $120bn in transaction costs. 

It says CBDCs can address many pain points across cross-border payments.