The race among countries to create their own digital currency continues and involves more participants. PreviouslyManaging Director of the International Currency Fund (MBF) Kristalina Geopgiev declared that more than half of all central banks in the world are studying digital releases.
</p>The launch of the in-house digital currency was also conceived in Georgia.
The National Bank of Georgia operates over thethe appeal of the digital bark in 2022, this was reported by the vice-president of the center Papun Lezhava. At the initial stage, the digital rack will be used for retail sales.
“85% of the world's central banks are already operating overdigital currency, some are found at the stage of research, some are testing, some have already been introduced, including China and Bagama. We also want to be in the avangard of this trend, ”said Lezhava.
According to the bank, the digital bank will create competition for cryptocurrencies, but it will not bear the character of speculative accumulation.
Digital currency — not a cryptocurrency, butevolution of cash. Most likely, it will also be built on the basis of the blockchain and will become a fast and inexpensive payment method. Unlike modern cryptocurrencies, it will be created through emission, not mining. According to Lezhava, the National Bank will become the sole issuer of digital currency.
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