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Pandemic pushes central bank digital currencies into top gear

by CBDC Insider Staff
June 13, 2020
in Business
Reading Time: 1min read
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Pandemic pushes central bank digital currencies into top gear
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The coronavirus pandemic is accelerating the development of central bank digital currencies (CBDCs) as it has prompted millions of people to turn to cashless payments, central bank officials said on Thursday.
Central banks have been examining how CBDCs could become a reality since Facebook’s efforts to launch its Libra cryptocurrency stablecoin raised the prospect of a private sector social media giant competing with traditional currencies.

Continue Read: https://zephyrnet.com/pandemic-pushes-central-bank-digital-currencies-into-top-gear/

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