Hackernoon logoCentral Bank Digital Currencies: Demystifying the Next Evolution of Money by@lambisdion

Central Bank Digital Currencies: Demystifying the Next Evolution of Money

Central Bank Digital Currencies or CBDCs are promoted as a medium for remedying fundamental issues with modern economies and societies. Central banks have largely remained monolithic and true to their mandate of facilitating for financial stability and economic growth, a role they served with varying degrees of success. The 2008 financial crisis showcased the inefficiencies of commercial banks and their reliance on central banks for their rescue. The COVID-19 pandemic has accelerated the digitalisation of work, communication, and even money, all signs point towards the declining use of physical money.
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Lambis Dionysopoulos

Researcher, Institute for the Future, University of Nicosia, European Blockchain Observatory and Forum

Lambis Dionysopoulos Hacker Noon profile picture
by Lambis Dionysopoulos @lambisdion. Researcher, Institute for the Future, University of Nicosia, European Blockchain Observatory and ForumRead my stories

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