Bank of America (BofA), the long-established US bank, stated that digital central bank currencies (CBDC) and stablecoins have the potential to revolutionize the global monetary system.
In a research report shared by Bank of America on Tuesday, CBDC and stablecoins It was stated that such cryptocurrencies will take place in the world of finance as the future of payments and money.
Due to the natural evolution of monetary systems blockchain CBDC using technology and stablecoin In the report, which stated that assets such as revolutionary potential was also highlighted.
CBDCs and stablecoins have the potential to revolutionize the global financial system. These may be the most important technological evolution in the development process of money. CBDCs do not change the definition of money, but they will likely change how and when value is transferred over the next 15 years.
According to the report increasing efficiency and especially lowering transfer costs CBDCs will be one of the priority issues of the global financial system in the upcoming period. However, CBDC technology financial development of developing countries. can contribute.
According to a report by the Official Monetary and Financial Institutions Forum, countries around the world CBDC continue to develop and most central banks in ten years plans to issue a CBDC. Bahamas, Nigeria, East Caribbean and Jamaica Many countries have already started to export CBDC.
China recently with CBDC first sale of securities carried out, this situation is supported by the local people. with great interest was met.