Will digital currencies become the norm as the world moves towards a cashless society?
kolaking.substack.com
John Hawkins, University of Canberra More than 90% of the world’s central banks are looking at introducing a central bank digital currency (CBDC), to complement existing banknotes. What is a central bank digital currency? A CBDC is not a new currency. It is a digital representation of an existing national currency. So an Australian CBDC would have exactly the same value as an Australian dollar. It would be legal tender.
Will digital currencies become the norm as the world moves towards a cashless society?
Will digital currencies become the norm as…
Will digital currencies become the norm as the world moves towards a cashless society?
John Hawkins, University of Canberra More than 90% of the world’s central banks are looking at introducing a central bank digital currency (CBDC), to complement existing banknotes. What is a central bank digital currency? A CBDC is not a new currency. It is a digital representation of an existing national currency. So an Australian CBDC would have exactly the same value as an Australian dollar. It would be legal tender.