What Is a Central Bank Digital Currency (CBDC)?
Central bank digital currency (CBDC) is a digital-based version of money, backed and distributed by a nation’s central bank. Central banks around the world, including in the U.S., are looking at the future of money and monetary transactions with CBDC in mind. Many countries are exploring banking alternatives such as central bank digital currency with the aim of: – Expanding access to funds – Providing safety and security – Allowing cost-effective cross-border transactions Several small countries—mostly in the Caribbean— have already implemented CBDC. Large nations... Continue Reading
Category | Financial Guidance