Several central banks have been mentioned to experiment with digital currency. Their motivations vary from how to deal with a cashless society to the desire to provide better cross-border payments capabilities.
While a central bank could use M10's digital money solution as Central Bank Digital Currency (CBDC), M10 is of the opinion that cross-border payments are better addressed by digitizing the current money issuance system. Let central banks issue digital M0 money and let commercial banks issue digital M1 money. Keep it all in a centralized, shared ledger and we effectively have a parallel payment system that allows instant payments 24x7. By doing this, central banks don't have to get involved in serving commercial, or retail customers incl. KYC, AM/sanctions screening and support.