Central banks looking to cryptocurrency to replace cash

in #life5 years ago

A central bank digital currency (CBDC) would see central banks distribute digital money which could be redeemed for their respective domestic fiat currencies. In the case of an American CBDC, this would be the US dollar or in Russia, this would be a “Cryptoruble.” These digital currencies would be maintained on any number of blockchain networks and propose a handful of different advantages.

To get a better idea of the current state of research in this specific field, the World Economic Forum (WEF) prepared a March 2019 report that asks, how are central banks exploring blockchain today?

https://cryptoslate.com/central-banks-looking-to-cryptocurrency-to-replace-cash/

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