Why should we care about CBDCs?

Nov 12, 2023 12:06 am

CASH has long been the cornerstone of Filipino financial transactions, but a digital wind is blowing, and it carries with it the promise and peril of Central Bank Digital Currencies (CBDCs).

At a glance, the concept of CBDCs feels straight out of a science fiction novel. Imagine money, but not as we know it — digital, swift, and without the inconvenient need for physical wallets. Unlike the cryptocurrency fever that gripped the world, CBDCs come with a government's seal of approval, providing an added layer of trust.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Infra modernization fuels AI growth

Pure Bayanihan: Empowering communities, alleviating poverty

Leadership and management in the digital era

Turning Asean's AI data challenges into opportunities

Logitech G: Pro-level gaming hardware

Meta AI catches up to ChatGPT

Lego-like homes to combat housing crisis