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Why Are Central Banks Interested in Cryptocurrencies? [Video]

The rise in popularity of cryptocurrencies such as bitcoin, as well as the Covid-19 pandemic, have sparked a debate among central banks over whether they should issue their own digital currencies. Central bank digital currencies, or CBDCs, proponents claim, will facilitate cross-border transactions, foster financial inclusion, and ensure payment system stability. Here’s how digital currencies issued by central banks could become the future of digital finance.

The Covid-19 pandemic and the rise in interest in cryptocurrencies have ignited a debate among central banks on whether they should issue their own digital currencies.

What do you think?

Written by Winston

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How to mine for bitcoin’s biggest rival, ether [Video]

Paul Krugman, a Nobel Laureate, has stopped predicting Bitcoin’s demise and now believes it ‘may survive indefinitely.’