Central Bank Digital Currencies: The Future of Money

Over 90 central banks are pursuing the development of their own digital currencies. Although few have launched so far, the potential for central bank digital currency (CBDC) – digital money that the consumer will be able to hold directly – promises a revolution in retail banking and the international monetary system. The advent of digital stablecoins and the decline of cash are two of the factors prompting the examination of digital currencies by the world’s central banks. Choices need to b...