General

Why Central Banks Got Serious About Digital Money

Money is edging toward its biggest reinvention in centuries. Modern technology and even the coronavirus pandemic are pushing consumers to go cashless, and with alternative concepts like Bitcoin taking hold, central banks are acting quickly to ensure they don’t fall behind. Their promise is a payment system that is safer, more resilient and cheaper than private alternatives. The central banks of the Bahamas, the Eastern Caribbean Currency Union and Nigeria have already become pioneers in central

Read the full article at: www.bloomberg.com

The post Why Central Banks Got Serious About Digital Money appeared first on LendIt Fintech News.

Related posts

The rise of fintechs reduces banking concentration in Brazil

admin

Leaving money on the table: Neglect after digital onboarding

admin

[Upcoming: January 17] High Performance Payouts: Why Real-Time Pay to Card is Revolutionizing Access to Cash

admin