More than 80% of central banks are considering launching a digital currency - PwC report
Luke Martin – Cryptowisser
More than four out of five Central Banks are considering launching their own Central Bank Digital Currency (CBDC), according to a report released on Monday by Big Four accounting firm, PwC. The firm says that CBDCs will make cross-border transactions faster and cheaper.
China became the first major economy to launch a CDBC in 2020. It is now available in more than a dozen major cities. The Bahamas and Nigeria also have CDBCs currently up and running. The report names Canada, Hong Kong, France, and Singapore as top projects.
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