Part 3/10:
The new network is described as a sophisticated, decentralized messaging backbone designed to optimize digital currency payments internationally. It incorporates standards and protocols that enable swift and reliable transaction processing across different systems, ensuring interoperability between various CBDCs and stablecoins.
A White Paper published in conjunction with the launch details that the system will initially be free for users to encourage widespread adoption. However, it also states that fees will eventually be introduced, with users paying automatically for swaps and transfers. These fees will contribute to the revenue shared among the network’s stakeholders, including the main alliance partners, which include major global banks.