The Rise of Blockchain-Based CBDCs: What it Means for the Future of Payments?

Gyan Consulting10 May, 2023Technology

Undoubtedly, Central Bank Digital Currencies (CBDCs) have captured the attention of mainstream media, policymakers, regulators, and bankers. According to the Bank for International Settlements, approximately 85% of central banks worldwide are exploring or testing pilot projects related to enterprise blockchain development-based CBDCs. The question is, what is causing all this excitement, and what are the key points to consider?