NEWS ZAP
Pandemic has accelerated the rollout of CBDCs by 5 years, says blockchain firm
Research from European blockchain company Guardtime suggests that the current pandemic may have accelerated the launch of a major central bank digital currency by up to five years.
“There is an increasing sense of a ‘race to the moon’ regarding central banks launching their own digital currencies, because this could radically enhance their country’s and currency’s positions on the global economic stage,” said Guardtime’s head of strategy Luukas Ilves. “Not only has Coronavirus accelerated the digitisation of society, it has also further transformed how we use money.”
"The development of CBDCs has been accelerated by up to five years. There is also no doubt in our mind that a major central bank will soon launch a digital currency and we expect this to happen within the next three years."
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