[welups view] Why are countries ramping up CBDC development in | Welups Official

[welups view]
Why are countries ramping up CBDC development in early 2023?

Recently, many central banks around the world have moved to develop their own CBDCs. So what is the reason behind this?

America, Russia, and Japan… are all countries with a strong interest in CBDC and are in the process of researching and testing this asset class.

The world is going through a financial revolution

The general development trend of the world is a cashless society. Digital payments via debit or credit cards are gradually being preferred.
The cause is believed to be the Covid-19 pandemic which has made people afraid to use cash to avoid infection.
— The convenience of digital payments leaves few people wanting to go back to using cash.

Shopping services are increasingly becoming online, supporting this transition. As of 2020, more than 80% of the world's consumers have shopped online.

The development of blockchain and stablecoins has made governments interested in developing to keep up with the times. Especially central bank digital currency (CBDC).

Let's find out with WELUPS the development status of CBDC through the article below.
https://outsidetheblock.com/tai-sao-cac-quoc-gia-tang-cuong-phat-trien-cbdc.html
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Refer to other articles about CBDC here:
https://outsidetheblock.com/?s=cbdc

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