Settle Interbank Payments with wCBDC (Acquirer-Merchant Settlement)

Use Cases

About

Use Case Category	Use Case Scope
wCBDC	This use case explores using tokenized bank deposits on blockchain for interbank payments between an acquirer and merchants, settled with a wholesale CBDC.

Description

Key Stakeholders:

• Acquiring bank

• Merchants

• CBDC issuer

• Tokenization platform

Story:

1. Customer makes purchase from merchant using card

2. Acquirer initiates settlement to merchant with tokenized deposit

3. Tokenized deposit burned from acquirer's ledger

4. Equivalent tokenized deposit minted on merchant's ledger

5. Settlement occurs atomically via wholesale CBDC

Preconditions:

• Acquirer wants to streamline merchant settlement

• Tokenized deposits and wholesale CBDC infrastructure exist

Postconditions:

• Merchant receives tokenized deposit settlement

• Settlement is atomic and done in near real-time

Key Benefits:

• Near real-time settlement finality

• Enhanced liquidity management

• Streamlined settlement process

• Always-on global infrastructure

• Privacy preserved using encryption

Example Provider

Visa