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Central Banks Furnish Their Digital Currencies

2022-05-06T18:40:53.083Z


In more than 70 countries, the big moneymakers, under the pressure of cryptos, are preparing a digital currency.


Certainly, the Covid and the bitcoin craze have been there.

Some 70 central banks around the world are actively preparing, to varying degrees, the digital version of their currencies.

This is according to a report published Friday by the Bank for International Settlements (BIS), nicknamed the “bank of central banks”, based in Basel, Switzerland.

The institution interviewed 81 central banks, 25 representatives of "advanced economies" and 56 of emerging countries.

In this sample, 90% have therefore launched digital currency projects of central banks, MNBCs, MDBCs or CBDCs, according to the Anglo-Saxon acronym which tends to prevail.

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What will the digital euro be used for?

What is it about?

The digital euro, for example, on which the European Central Bank (ECB) is working, will be a safe and free means of electronic payment.

Unlike a credit card, it will not necessarily be backed by a bank account.

Usable by means of a card or an application…

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Source: lefigaro

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