mbridge

SPECIAL COVERAGE: Hong Kong's Key Role in BIS mBridge Project for Cross-Border CBDCs
New York, NY – December 12, 2025 – 04:15 AM EST
Hong Kong is confirming its vital status in the future of international digital payments through its continued participation in the Bank for International Settlements (BIS) mBridge project. This multi-CBDC initiative is charting the course for next-generation cross-border finance.$WCT

The mBridge project is a collaborative effort focused on testing and developing a shared platform for wholesale cross-border payments using various central bank digital currencies. Hong Kong remains a crucial partner, actively involved in the testing that includes the Digital Yuan (e−CNY) and other digital currencies.
$NEAR

This engagement allows Hong Kong to be at the forefront of digital currency innovation, exploring highly efficient and cost-effective methods for international settlements. It directly aligns with the territory's strategic goal of strengthening its position as a major global financial gateway for both mainland China and the wider Asian market.
$XRP

Hong Kong's commitment to mBridge underscores the territory's proactive role in shaping the operational future of global digital money, reinforcing its image as a sophisticated hub for cutting-edge financial technology and cross-jurisdictional cooperation.
#mBridge #CBDC #DigitalYuan #HKFinance

Mbridge and Ripple, competitors?
#xrp #ripple #cbdc #mbridge #brics
mBridge technology facilitates cross-border payments between central bank digital currencies (CBDCs). It is developed by several central banks, with the support of the Bank for International Settlements, and uses blockchain for transparency and security. This government project focuses on interoperability and regulatory compliance.

Ripple, with its cryptocurrency XRP, targets fast and low-cost international payments for private financial institutions. Its RippleNet network allows for easy integration with existing banking systems, emphasizing speed of transactions and low fees.

Although Ripple's mBridge and XRP approach cross-border payments differently, they are more complementary than competitors. mBridge provides secure infrastructure for CBDCs, while Ripple facilitates interactions between these CBDCs and the private sector, improving the efficiency of international payments.

Why did the #BIS confirm the Saudi Central Bank as a full participant in Project mBridge while it also signed a #blockchain deal with #Ripple in 2018? It's because project #mBridge will be utilizing the #XRPLedger , given the unbiased nature of #XRP itself #BRICS will use $XRP

UAE Digital Dirham Makes History — First Government Transaction Completed in Just Two Minutes

The Central Bank of the United Arab Emirates (CBUAE) has achieved a groundbreaking milestone — executing the first-ever government-level payment using the Digital Dirham via the mBridge platform.

⏱️ Transaction Speed:

The entire process took less than two minutes, a massive leap forward compared to the hours or even days required by traditional interbank settlement systems. This signals the arrival of real-time, sovereign-grade payment infrastructure in the UAE.

🏦 Why It Matters:

The UAE’s successful digital dirham transaction is not just a tech demo — it’s the foundation of a fully interoperable, government-backed digital payment ecosystem. It opens doors for instant settlements between government entities, businesses, and even cross-border partners under regulated frameworks.

💡 Broader Implications:

While CBDCs (Central Bank Digital Currencies) differ from decentralized cryptocurrencies, both are reshaping the global financial landscape. The UAE’s move positions it at the forefront of digital currency innovation, blending financial sovereignty with blockchain-era efficiency.

🌍 Global Context:

This milestone also places the UAE alongside other early adopters like China (e-CNY) and Hong Kong, who are testing digital currency interoperability through mBridge. The race among nations to modernize money is intensifying — and the UAE just sprinted ahead.

🚀 The Future:

From oil trade settlements to government payroll and international remittances, the Digital Dirham’s two-minute success could redefine how value moves across borders in the Middle East.

The message is clear:

The era of slow money is ending. The era of programmable money has begun.

#UAE #DigitalDirham #CBDC #mBridge #Fintech

🇦🇪 UAE Achieves Major Milestone with Digital Dirham 💎

The Digital Dirham just completed its first inter-government payment via mBridge — processed in under 2 minutes. ⚡

This test validates the tech ahead of its Q4 2025 rollout, marking a major step in the UAE’s digital currency journey. 💰

By focusing on payments integration (not bank competition), the UAE is quietly building a federal-to-local digital currency infrastructure for the future. 🌐

#UAE #DigitalDirham #mBridge #CryptoAdoption #BinanceSquare