But a CBDC is certainly useful when the current fiat system has been blown up through hyper-inflation and there's no alternatives. It will usher in a new era of mass surveillance and control which for some inexplicable reason you seem happy to welcome in.
SWIFT is an international transfer system that is outside the purview of a CBDC.
and various payment clearing systems in Europe.
Like the EU's SCT Inst?
SCT Inst stands for SEPA Instant Credit Transfer scheme. It was introduced by
the Euro Retail Payments Board (ERPB) in order to enable rapid electronic
payments within the eurozone. In a nutshell, SCT Inst facilitates an instant
or near-instant clearing of a transaction between originator and beneficiary.
Credit Transfer Scheme = Digital Currency
Put them together and what do you get --- effectively a CBDC system denominated in Euros instead of Dollars --- minus all the hyperbola, misinformation and doomsday prophecy attached to CBDC on this side of the pond.
In other words, Europe already has a CBDC which explains why their banking system is more advanced than in the US.