Kiffmeister’s #Fintech Daily Digest (20230924)*

CBDC’s role in promoting financial inclusion

The IMF published a paper on a step-by-step framework to help assess central bank digital currency’s (CBDC’s) value proposition for improving financial inclusion. The impact of CBDC for improving financial inclusion is currently speculative, where further evidence and experience are needed to fully understand benefits and limitations. That said, it provides an opportunity that could be actively explored alongside other solutions for improving financial inclusion. Moreover, CBDC could be considered as one component of a broader set of measures to improve financial inclusion. [Read more at the IMF

Unlocking interoperability: Overcoming regulatory frictions in cross-border payments

The World Economic Forum (WEF) published a paper that identifies the main regulatory frictions hindering efficient and inclusive cross-border payments, including diverging regulatory frameworks, anti-money laundering compliance complexities, restrictive data regulations and inadequate access for non-bank players. It proposes recommendations to advance regulatory interoperability through enhanced cross-border collaborations, modernized frameworks, strengthened cooperation and public-private partnerships. Achieving interoperability will require the public and private sectors to come together in shaping a transparent, efficient and inclusive cross-border payments ecosystem. [Read more at the WEF

*For those interested in intra-day updates, check out my searchable Diigo Fintech developments database, which is also a good place to go to query for past developments:

Kiffmeister’s central bank digital currency monthly monitor

Just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at

The Sovereign Official Digital Association (SODA) is a technology-agnostic firm offering advisory services at the intersection of central banking, digital finance and the web3 industry, aiming to make public digital money a reality. SODA believes institutions in the existing financial ecosystem should have access to the tools and resources they need to move from discussion to action. SODA offers ‘real life’ use cases to help test digital money and drive adoption as central banks and other public institutions explore the future of a more financially inclusive world powered by interoperable blockchain-based networks. SODA would love you to join us on this journey – please get in touch (

Satoshi Capital Advisors is a New York-based, global advisory firm that works with central banks, governments, and the private sector to architect, implement, and operate varying initiatives. Satoshi Capital Advisors’ central bank work revolves around CBDC architecture and implementation, providing advisory services from research phase through to growth phase. Utilizing a product-market fit and technology agnostic approach to CBDC architecture and implementation enables Satoshi Capital Advisors to build tailored solutions, bespoke to local financial system nuances. Satoshi Capital Advisors welcomes requests from central bank officials for virtual and in-person CBDC workshops. [Click here for more information]

WhisperCash offers the first fully offline digital currency platform that has the same properties as physical cash. It can perform secure consecutive offline payments without compromising on security, privacy or accessibility. WhisperCash allows direct person to person offline payments without any server infrastructure or internet connectivity. It comes in various form factors including the self-contained credit card-sized “Pro” that sports an eInk screen and capacitive keyboard, and lasts for two weeks between recharges assuming a few transactions per day. [Click here for more information]