Central Bank Digital Currencies (CBDCs): A New Era in Finance
CBDCs: What They Are and Why They Matter in 2024
Introduction
Central Bank Digital Currencies (CBDCs) are gaining significant momentum worldwide, with over 100 countries actively engaged in CBDC research and development12. CBDCs are digital versions of fiat money, exchanged via blockchains3. They are seen as transformative tools in the future of digital payments2.
