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It’s time to take central banks’ digital currencies seriously

by CBDC Insider Staff
August 17, 2020
in Business
Reading Time: 1min read
0
It’s time to take central banks’ digital currencies seriously
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The introduction of central bank digital currencies could upend the global economic order.
This technology could bring multiple benefits, such as more efficient trade, greater financial access for millions of people, and a reduction in crime.
But there are still technological barriers to overcome, too.
The decline of cash use in western economies has accelerated due to COVID-19. Meanwhile, central bank digital currencies are emerging, potentially upending the existing global economic hierarchy.

Continue read: https://news.knowledia.com/US/en/articles/it-s-time-to-take-central-banks-digital-currencies-seriously-ffc71d114604595b70e4a8b868112e67bd0034ad

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