Abstract
This article explores the new approaches to minimizing and eliminating settlement risks and improving transaction efficiency, thereby increasing global productivity by enabling fast and secure payments between households and businesses around the world. Using the PRISMA model we highlight the importance of digital currencies and the models of settlement systems they represent. It is concluded that contractual and settlement obligations and other various problems in and around payment and cash settlement systems depend on the competitive structure of the basic payment system and data management mechanisms and are compared with the CBDC model, which allows us to determine the best approaches to creating an efficient and cheaper settlement system.
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