#CBDC

CBDC is the Essentials Hashtag of the Week. Why?

A changing digital economy requires new and more advanced digital payment instruments and Central Bank Digital Currency (CBDC) seems to be the way forward. It uses an electronic record or digital token to represent the virtual form of a currency of a particular nation. Some economies are wary of threats to financial stability CBDC may cause, but there is no doubt it signifies the future of digital banking.

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