JPM say that setting up a cross-border payments network for central bank digital currencies can save companies nearly $100 billion a year in transaction costs.

  • Currently, banks rely on correspondent banks and other intermediaries to process international money transfers.
  • A CBDC network would save the customer up to $35 of the $40, according to JPM

Info comes via a Nikkei article, I haven't seen the JPM piece. Link here (may be gated) .