CBDC vs. Cryptocurrencies: Which Technology Will Dominate the Future?
Too Long; Didn't Read
Central Bank Digital Currencies (CBDCs) are emerging as an innovative way to improve the efficiency of cross-border payments, increase financial inclusion and promote financial stability. Several countries have already implemented their own digital currencies, such as China's e-CNY, Jamaica's Jam-Dex, and Uruguay's e-Peso. The introduction of CBDCs will improve the mobility and transparency of the settlement system, facilitate mutual settlement processes and increase fintech competition.