Long before blockchain was considered a transformational ledger technology, something far less hyped was being treated as equally revolutionary: the transition to real-time gross settlement systems (RTGS).RTGS might sound like a meaningless jargon acronym that you shouldn’t care about, but it’s probably one the most important and least-talked about technologies in the world. It is the tech that underpins central bank clearing and the settlement of large value payments by allowing the transfer of funds between banks in real time. As a result, it is the anchor of the world’s value systems and the proverbial beating heart of the financial flows which lubricate the global economy.But it is also a tech that fundamentally changed the way central banks managed system liquidity and its cost. To
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Long before blockchain was considered a transformational ledger technology, something far less...