Central Bank Digital Currencies Need Decentralization

[Paglamon]

Digital currencies hold a long-term promise to change the way nations, corporations, and people transact value. Some of them – combining both cryptocurrency benefits (disintermediation, high speed, and low cost of transactions) as well as qualities of traditional currencies (e.g. price stability and being able to act as legal tender) – challenge traditional financial systems at the core. While first-generation digital currencies deployed by consortia of industry players may only deliver incremental changes such as the reduction in money movement prices and lowering the cost of capital for unbanked, adoption across nations through CDBC 2.0 holds the potential to unlock significant value available for first-movers to capture. Read more
Source: https://www.coindesk.com/central-bank-digital-currencies-need-decentralization