9 out of 10 Central Banks are Looking for a Blockhain Solution

According to Bank of International Settlements’ report, 9 out of 10 Central Banks worldwide are looking to implement or develop a CBDC (Central Bank Digital Currency) in the next years.

The report shows that most of those banks are looking to develop a “retail” solution, with priority in the end user against a “wholesale” solution, that will focus mostly on businesses and the transactions between them.

More than half of the Central Banks, that are registered in BIS (in total of 63) have started to develop a CBDC. The main goal of those Central Banks will be to strengthen the digital payments from their citizens and their banking infrastructure.

The facts show that in the short-term future, all the powerful currencies in the world are expected to pass in their digital form, giving the chance to enhance more digitalization in our daily life.