Central Bank Digital Currencies

Central Bank Digital Currency

Central Governments on the CBDCs: A Big Move

With the rise of blockchain technology and cryptocurrency, digital central bank currencies (CBDCs) are becoming increasingly popular among global financial institutions. Around the world, CBDCs for wholesale use in financial markets are growing, with countries represented in different stages of CBDC development from research and testing to market launch. Among world powers and major countries, China is leading the race…

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Central Bank Digital Currencies: A New Era Begins with CBDC

The way we saw making payments a decade ago is different from today. Fast-forward to 2021; new technologies have utterly transformed the payments space. We swapped cash for cards. Payment service providers such as Visa and Mastercard have become an integral part of our daily lives. We are shopping online and paying electronically. We discovered PayPal, Apple Pay, and Alipay…

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