====== Transferable ======
[[cbdc:public:cbdc_omg:8_append:20_glossary:start| Return to Glossary ]]

For a CBDC to serve as a widely accessible means of payment, it would need to be
readily **Transferable** between customers of different intermediaries. The ability to transfer value
seamlessly between different intermediaries makes the payment system more efficient by allowing
money to move freely throughout the economy.

Source: [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf ]]

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