The #future of Central Bank Digital Currency (CBDC)
▻https://hackernoon.com/the-future-of-central-bank-digital-currency-cbdc-64797b645887?source=rss
Are we ready for nationwide digital currencies?The recent working paper, of the University of Luxembourg, Postdoctoral Researcher Hossein Nabilou, about the potential legal challenges of issuing a Central Bank Digital currency #cbdc, suggests the benefits of cryptocurrencies greatly out way the drawbacks.Recently, US-based global financial service provider, J.P. Morgan announced the launch of JPM Coin. An internal digital currency for institutional investors to use to wire money in a fast and cost-efficient way. Cross-border payments or remittance has some major drawbacks that can be overcome by using #cryptocurrency. The time and operational costs can be strongly reduced. By opting for paying with digital currencies and by implementing them in the safe environment these issues can be (...)