Central Bank Digital Currency is a whole new concept which when successfully implemented can bring an interesting turn of events in banking industry which is gradually adapting to blockchain technology.
How can they build trust with concerns like privacy and data breach hovering in the backdrop?
The first mover countries in CBDC have managed to leverage a great deal out of their digital currency model and are either testing it or implementing it.
This could be a new chapter in banking industry that can potentially ruffle pages of financial stability and usability.
Credits: Tamanna Rangnani, Shrey Jain
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