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@kfm Tue, 17 Sep 2024 05:06:41

Central bank digital currency momentum growing, study shows

BY REUTERS A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half at an advanced stage and pioneers like China, the Bahamas and Nigeria starting to see a pick up in usage. The research by the U.S.-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and the threat to their money-printing powers from the likes of bitcoin and ‘Big Tech’. The […] The post Central bank digital currency momentum growing, study shows first appeared on 93.3 KFM.

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