Central banks around the world are exploring and in some cases even piloting central bank digital currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer payment and money-transfer systems, and a range of new financial instruments and monetary policy levers.
Continue read: https://www.brookings.edu/research/design-choices-for-central-bank-digital-currency-policy-and-technical-considerations/
