The rise in demand for digital payments during the COVID-19 pandemic further highlighted the importance of CBDCs and intensified the global race between central banks. The question is – which one will win?
Central banks all over the world have been developing their own state-issued digital currencies. According to a recent survey by Central Banking, 65% of the participants stated that they had been actively researching digital currencies, revealing a race between central banks to develop national cryptocurrencies. In fact, Kai Sheffield, the head of Visa‘s cryptocurrency division, considers central bank digital currency (CBDC) one of the most important trends for the future of money and the payments industry for the next decade.The rise in demand for digital payments during the COVID-19 pandemic further highlighted the importance of CBDCs and intensified the global race between central banks. The question is – which one will win?
Continue read:https://www.coinspeaker.com/who-win-central-bank-crypto-race/
