Central banks around the world are looking to explore the concept of virtual currency, Often referred to as central bank digital currencies, or CBDCs, this form of money poses its own set of challenges to overcome. As society gravitates toward more modern technologies, products, and services, the financial industry will need to follow suit. For years, that industry has seen stagnation in terms of technological upgrades, but that situation is slowly coming to an end. As most financial transactions already take place in digital form, exploring the concept of central bank digital currencies makes a lot of sense. The Benefits
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