"SWIFT's head of innovation Nick Kerigan said its trial, which will be followed by more advanced testing over the next year, resembled a bicycle wheel where 14 central and commercial banks in total connected spoke-like into its main hub."
SWIFT's selling point at inception in 1973 was 'anything would be better than unstructured data over Telex'. No idea who the customer for a hub-and-spoke CBDC network is (or what value a hub-and-spoke network would provide besides preserving SWIFT's existing status?)
