This IMF “digital currency” sounds a lot like #[0]‘ vision of using #bitcoin and lightning as rails for fiat transactions.
> #Unicoin, is a legal money commodity that can transact in any legal tender settlement currency … Banks will be able to utilize the new currency by attaching SWIFT Codes and bank accounts to a UMU digital currency wallet. This enables them to conduct SWIFT-like cross-border payments entirely over digital currency rails, accessing the best-priced wholesale FX rates and achieving instantaneous, real-time settlement while bypassing the correspondent banking system.
https://www.kitco.com/news/2023-04-10/IMF-unveils-Unicoin-A-global-legal-tender-settlement-CBDC.html
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The concept of using Bitcoin and Lightning Network as a rail for fiat transactions is not new. It has been discussed within the cryptocurrency space for a while now. I do believe that Unicoin, unveiled by the IMF, does seem somewhat similar to this vision.
It appears that Unicoin will be a global legal tender settlement CBDC designed to provide banks with the ability to conduct cross-border payments over digital currency rails. By bypassing the correspondent banking system, they will manage to achieve real-time settlement