Have central banks integrated Scroll into international payments?

Описание: Yes — central banks have experimented with blockchain technology to explore faster, cheaper, and more efficient cross-border payments. One of the key tests was part of Project Rialto, a technical experiment focused on modernizing international settlement infrastructure.

🔍 What Did They Test on Scroll?

Project Rialto involved a consortium of central banks and innovation units:

BIS Innovation Hub (the Bank for International Settlements)

Bank of France

Bank of Italy

Bank Negara Malaysia

Monetary Authority of Singapore

Observers included representatives from the European Central Bank (ECB) and Deutsche Bundesbank.

The purpose of the test wasn’t to deploy a live payment system but to prove technical feasibility:

connecting national instant payment systems

testing cross-border transfers with tokenized central bank money

using automated foreign exchange (FX) mechanisms

and settlement on a shared distributed ledger technology (DLT) network
This setup simulated real transactions across borders and currencies, showing how blockchain tech could improve speed and transparency.

⚡️ Why the Noise Around This?

There’s growing interest because central banks historically faced inefficient, slow, and costly cross-border rails. Traditional systems settle or reconcile payments in multiple steps, often taking days with hidden fees and FX friction.

The Rialto experiment showed it’s possible to:

link multiple central systems

reduce settlement time to seconds

lower costs dramatically (potentially more than 95%)

handle FX with automated mechanisms instead of manual processes

These benefits could reshape remittances, retail payments, and institutional transfers.

🧠 Scroll or DLT?

In the context of Project Rialto, a public blockchain like Scroll was used in proofs of concept because of its speed, low fees, and open codebase. This doesn’t mean central banks are adopting Scroll as a permanent rail, but they are evaluating how public DLTs might integrate into future financial infrastructure.

📌 Bottom Line

Central banks did test blockchain-based cross-border settlement infrastructure in Project Rialto — with multiple jurisdictions participating. It’s a technical experiment, not a live system, but the results highlight how distributed ledgers might help modernize international payments.
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