Payments modernization before CBDC

Mainstream, tech, and fintech media is bubbling with central bank digital currency (CBDC) chatter. The Bank for International Settlements (BIS) is performing excellent research on the topic. They’re answering the critical questions of “why consider CBDC?” and “how to create a CBDC?” amongst other topics. Nearly all central banks are at some stage of researching the merits of CBDC. Bahamas is presumably the farthest along with the Sand Dollar, closely followed by China with the DCEP project.
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