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PwC: The Vast Majority of Central Banks Are Considering Launching a CBDC
Summary: The vast majority of central banks are considering launching a central bank digital currency (CBDC), according to analysts at accounting firm PwC. “CBDCs will facilitate more effective, lower cost and 24/7/365 cross-border payments for the financial services industry,” analysts from PwC said in the firm’s annual index of CBDCs and stablecoins, which was released Monday. ...
The vast majority of central banks are considering launching a central bank digital currency (CBDC), according to analysts at accounting firm PwC.
“CBDCs will facilitate more effective, lower cost and 24/7/365 cross-border payments for the financial services industry,” analysts from PwC said in the firm’s annual index of CBDCs and stablecoins, which was released Monday. “We expect that CBDCs will greatly benefit cross-border transactions and economies of all relevant jurisdictions.”
PwC analysts for the first time included a stablecoin overview in the annual CBDC index report, noting that privately issued tokens will continue to evolve and exist alongside CBDCs. Stablecoins reached a market capitalization of around $190 billion in early 2022 and will continue to grow as the tokens offer many of the same benefits as a CBDC, the report noted.
By Amy Liu
Tags: CBDC,Central Banks,PwC
Link: PwC: The Vast Majority of Central Banks Are Considering Launching a CBDC [Copy]
