[CBDC in the eyes of the deputy governor of the Russian Central Bank: It is expected to replace SWIFT] Olga Skorobogatova, the first deputy governor of the Russian Central Bank, revealed that although its central bank digital currency (CBDC) is mainly positioned as a domestic retail payment tool, it is optimistic about the prospects of cross-border applications in the long term and looks forward to it Reduce dependence on the US-dominated SWIFT financial system. The key is that a cooperation agreement between multiple countries is urgently needed. Once reached, it will completely subvert the existing payment and settlement infrastructure and achieve the goal of CBDC replacing SWIFT. The common currency of the BRICS countries may become a breakthrough and accelerate the simplification of settlements among economies. However, this transformation is not easy and requires long-term efforts. Currently, the Russian pilot program will be launched in 2023-2024, involving 13 banks and limited customers and transactions. It is pending the implementation of relevant laws and will be launched at the end of this month. What do you think of this possible financial disruption? Let us know in the comment area!