Project mBridge reaches minimum viable product stage and invites further international participation

I was looking into the US – Saudi Petrodollar deal and came across Project mBridge. "Additionally, Saudi Arabia has joined Project mBridge, a collaborative effort exploring a digital currency platform shared among central banks and commercial banks." Writes Sanu Vivek in India Today, link in comments.

Bis.org says "The project aims to tackle some of the key inefficiencies in cross-border payments, including high costs, low speed and operational complexities."

They do go on to say, "The MVP platform is enabled to undertake real-value transactions (subject to jurisdictional preparedness) and is also compatible with the Ethereum Virtual Machine."