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The technology may help central banks to respond quickly amid fast-changing markets. - 2
The Bahamas, Nigeria, Jamaica, and more have included CBDCs for retail use cases
The digitization of payment systems has made it easier for people to transfer money. Now, several nations are testing central bank digital currencies (CBDCs) to simplify payments across the globe. However, only a few nations have successfully deployed CBDCs into their financial ecosystem. A new report by an intergovernmental and lobbying body, World Economic Forum (WEF), looks into prospects to achieve interoperability in CBDCs.
CBDC Could Simplify Cross-Border Remittances
The report dubbed ‘Central …
Source: https://www.thecoinrepublic.com/2023/06/29/cbdc-could-lower-a-nations-reliance-on-foreign-reserves/