Many Central Banks around the world are developing a Central Bank Digital Currency (CBDC), with coordination with the private sector and existing payment methods.
Many Central Banks around the world are developing a Central Bank Digital Currency (CBDC), with coordination with the private sector and existing payment methods.
The outbreak of the Covid-19 pandemic has gradually changed the business mindset across many national economies, shaping the trend to use less cash and shift towards a digital platform by way of digital currency. In order to meet up with this new trend as well as take advantage of changing times, the Central Banks have devised their own legit currency called Central Bank Digital Currency (CBDC).