The rise of CBDCs is inevitable but not risk-free | Opinion
To make central bank digital currencies successful, global and local financial institutions need to invest in digital currency education, analyze various use cases, and create their digital currency strategy. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As cryptocurrencies like Bitcoin (BTC) continue to enter the mainstream and encapsulate people, several countries have announced initiatives to create their own central bank digital currencies (CBDCs). According to the International Monetary Fund (IMF), nearly 100 countries are actively evaluating CBCDs, and some have already started to roll out these initiatives. CBDC Tracker | Source: Atlantic Council Additionally, central banks worldwide are investigating the practicalities of establishing CBDCs of their own. Digital currencies are surging in popularity for a variety of reasons. They are considered more secure and less...