In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This piece by Forbes reports that successful cooperation and coordination is needed for the successful use of central bank digital currencies. Read on.
“It is critical for legislators, central bankers, and financial regulators to coordinate globally the implementation of Central Banking Digital Currencies (CBDC) in order to promote cheaper, faster, inclusive, and more transparent cross-border payment services. Many central banks are comparing and contrasting the advantages and disadvantages of several CBDC designs; however, their focus has been primarily on domestic use. The success of CBDCs could be very beneficial in providing support for economic growth, financial inclusion, internal development and global trade.”