Research so far confirms that the current and projected implications of climate change pose such threats to society and to sustainable development that we cannot continue with a “business as usual” scenario. We need to address challenges and to work on solutions, shifting to a low-carbon economy, managing the risks and adapting to the changing climate.
-9As the public and private sectors work to reduce payment frictions, one of the most important use cases is for cross-border payments, such as remittances. Current cross-border payments solutions are often slow, cumbersome, and opaque. Authorities in many jurisdictions, including the United States, recognize the importance of cooperating across borders with each other and the private sector to address these cross-border frictions.