With an SEC lawsuit clouding the coverage of Ripple, their cross-border disruption seemed subdued. The company then launched a CBDC platform.
Globally, investigation into how CBDCs will be designed is being done. With Web3 development in the sidelines, banks could be affected.
The world's central banks are turning towards CBDCs and real-time payments. FIS has launched infrastructure to support them.
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Environmental concerns drive many to reject the idea of CBDCs but research suggests they could actually be an improvement.
With more services becoming digital, a digital currency seems to be the perfect solution to streamline the digital revolution further.
Gov. DeSantis has said that Florida won't accept a CBDC, due to privacy and surveillance concerns. Stonewalling could be part of the problem.
Their website mentions names such as 'digital sterling' or 'Britcoin' and emphasizes the difference between CBCDs and cryptocurrencies.
Digital Identity is an aspect of CBDC design causing much debate. For some, it is the end of freedom, others dub that "unnecessarily alarmist."
Financial exclusion is a global problem affecting millions of people, through strategic design and implementation, could CBDCs be the solution?
Like many interested in the crypto space, Crapo has asked for months about the stablecoin report.