Search This Blog

Sunday, March 7, 2021

Why Central Banks Want To Get Into Digital Currencies

Intense interest in cryptocurrencies, like bitcoin, and the Covid-19 pandemic have sparked debate among central banks on whether they should issue digital currencies of their own. Advocates argue that central bank digital currencies, or CBDCs, can make cross-border transactions easier, promote financial inclusion, and provide payment system stability. Here's how central bank digital currencies could become the future of digital finance.




No comments:

Post a Comment

Note: Only a member of this blog may post a comment.