A World Economic Forum panel comprised of central bankers and global tech providers has profiled central bank digital currencies as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated these present several limitations still to be addressed.
governor of the Central Bank of Israel, noted several supposed advantages these new financial tools might present, but also highlighted the difficulties in implementing them efficiently.explained that, in his opinion, CBDCs are rising as a solution for payments and credit that goes beyond banking integration.
We are seeing faster payments, smart contracts, e-money, crypto assets, and stablecoins, and CBDC is a public good that can be complementary but can also crowd out some of these things. CBDC could be the bridge between the new digital economy and the standard economy.cross-border CBDC-based payment between Israel, Norway, and Sweden with the collaboration of the Bank of International Settlements .
Agreed! CBDCs still have a long way to go to be feasible and accepted. In the meantime, Bitcoin and cryptos provide a viable alternative to traditional financing and financial instruments. Hodling it! cryptocurrency BTC
It's essential to consider jurisdictional issues when developing crypto. We need regulations to ensure the integrity of blockchain-tech. HODL
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Hahaha yeah right. Cbdc's want one thing only: to turn your private money into their public money. stopCbdc
This is really promising! CBDCs look to be the bridge between traditional banking and crypto, making it easier for people to access financial services. Hodl on tight, the revolution is coming!
It's great to see how Central Banks from around the world are recognizing the tremendous potential of crypto and DeFi. These technologies could help provide financial inclusion and greater access to global markets. Fintech Innovation
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